Marcus & Millichap is pleased to exclusively market for sale an under construction, but soon to open Dollar General in New Canton, Virginia. The Dollar General will be completed in September 2017. The location benefits from being the only grocery and discount retailer within an eight-mile radius. The Dollar General will operate under a brand new 15-year triple net lease. The lease is guaranteed by Dollar General Corporation, which is publicly traded on the New York Stock Exchange under the ticker “DG” and has a current “BBB” credit rating by Standard & Poors. New Canton is an unincorporated town in Buckingham County, Virginia. It lies along U.S. Route 15 below the James River, northeast of the county seat of Buckingham. New Canton is a bedroom community to nearby Richmond (217,853 residents) and Lynchburg (79,047 residents). The town residents benefit from a quaint city atmosphere while having the ability to make the short drive from Richmond and Lynchburg for work and play.

1. BRAND NEW DOLLAR GENERAL WITH 15-YEAR CORPORATE LEASE
JAMES MADISON HIGHWAY, NEW CANTON, VIRGINIA 23123
REPRESENTATIVE PHOTO
• Nation’s Largest Small-Box Discount Retailer With Over 13,000 Locations in 40 States
• Standard & Poor’s Investment Grade (S&P. “BBB”) Tenant | The Only Small-Box Retailer With Investment Grade Credit
• Dollar General Has $17.5 Billion in Sales Volume and is Ranked #128 in Fortune 500

2. The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any
other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The
recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Marcus & Millichap.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject
property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation with
respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence
of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects
of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be
reliable;however,Marcus&Millichaphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasMarcus&Millichapconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyor
completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the
subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any
investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your
thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors
that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s
past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based
on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply
with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/
her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and
the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this
net leased property.
Confidentiality Agreement
Net Leased Disclaimer

3. PRESENTED BY
LEAD BROKER
Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016
Kyle Blatt
Associate
ONTARIO OFFICE
Tel: (909) 456-3475
kyle.blatt@marcusmillichap.com
CA License: 02017976
Joshua Rey
Associate
ONTARIO OFFICE
Tel: (909) 456-7015
joshua.rey@marcusmillichap.com
CA License: 1776485
Bryn Merrey
Broker of Record
WASHINGTON OFFICE
Tel: (202) 536-3700

4. 1FINANCIAL OVERVIEW

5. financial overview
annualized operating data
Rent Increases Annual Rent Monthly Rent
Years 1 - 15 $89,047 $7,421
Option 1: Years 16 - 20 $97,952 $8,163
Option 2: Years 21 - 25 $107,747 $8,979
Option 3: Years 26 - 30 $115,551 $9,877
Option 4: Years 31 - 35 $130,374 $10,864
Option 5: Year 36 - 40 $143,411 $11,951
Base Rent ($0.82/SF) $89,047
Net Operating Income $89,047
pricing
Property Name Dollar General
Property Address James Madison Highway
New Canton, VA 23123
Price $1,339,000
Cap Rate 6.65%
Gross Leasable Area 9,100 SF
Year Built September 2017
Lot Size 1.17 Acres (50,468 SF)
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080195 2
tenant overview
Tenant Trade Name Dollar General
Ownership Public
Tenant Corporate Store
Lease Guarantor Corporate Guarantee
Lease Type Absolute Net
Roof and Structure Tenant Responsible
Lease Term 15 Years
Lease Commencement Date 6/30/2017
Rent Commencement Date 08/29/2017
Lease Expiration Date 6/30/2032
Term Remaining on Lease 15 Years
Increases 10% Increase For Each Option
Options Five, Five-Year Options
financing options
Multiple financing options are available based on buyer requirements. Please contact listing
agents to discuss options in detail.
3-Year Fixed 3.70%
5-Year Fixed 4.0%
7-Year Fixed 4.25%
10-Year Fixed 4.6%

6. 2EXECUTIVE SUMMARY
REPRESENTATIVE PHOTO

7. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080564 4
Marcus & Millichap is pleased to exclusively market for sale an under construction, but soon to open
Dollar General in New Canton, Virginia. The Dollar General will be completed in September 2017. The
location benefits from being the only grocery and discount retailer within an eight-mile radius.
The Dollar General will operate under a brand new 15-year triple net lease. The lease is guaranteed by
Dollar General Corporation, which is publicly traded on the New York Stock Exchange under the ticker
“DG” and has a current “BBB” credit rating by Standard & Poors.
New Canton is an unincorporated town in Buckingham County, Virginia. It lies along U.S. Route 15 below
the James River, northeast of the county seat of Buckingham. New Canton is a bedroom community to
nearby Richmond (217,853 residents) and Lynchburg (79,047 residents). The town residents benefit from
a quaint city atmosphere while having the ability to make the short drive from Richmond and Lynchburg
for work and play.·
· 15-Year Triple Net Investment Opportunity With Zero Landlord Responsibilities | Five, Five-Year Op-
tions With 10 Percent Rent Increases·
· New 2017 Construction·
· Virtually Zero Nearby Competition | Nearest Competitor, Family Dollar, Eight Miles Away·
· Dollar General is the Nation’s Largest Small-Box Discount Retailer With Over 13,000 Locations in
40 States·
· Standard & Poor’s Investment Grade (S&P. “BBB”) Tenant | The Only Small-Box Retailer With Invest-
ment Grade Credit·
· Dollar General Has $17.5 Billion in Sales Volume and is Ranked #128 in Fortune 500·
· New Canton is an Up-and-coming Bedroom Community of Richmond (217,853 Residents) and
Lynchburg (79,047 Residents) | Both Cities Are Nearly 60 Miles Away From New Canton
investment highlights
investment overview
5 MILES 10 MILES 15 MILES
2016 Population 2,606 9,336 26,751
2016 Households 1,056 3,731 9,621
2016 Average Household Size 2.48 2.52 2.56
2016 Owner Occupied Housing Units 74.98% 76.37% 77.82%
2016 Renter Occupied Housing Units 25.02% 23.63% 22.18%
2016 Average Household Income $47,107 $54,180 $58,413
REPRESENTATIVE PHOTO

8. 5
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080564
Dollar General (NYSE: DG) is a chain of more than 13,000 discount stores in 43 states, primarily in
the South, East, Midwest, and Southwest, offering basic household items, such as cleaning supplies,
health, and beauty aids, apparel, and food. The target is low, middle, and fixed-income shoppers.
The company has grown into the country’s largest small-box discount retailer. Stores are often
located in small towns off the radar of giant discounters. One of Dollar General’s main advantages
is that it offers prices as low or lower than Walmart but in more convenient locations. Dollar General
has more stores than other retailers and is easily the largest dollar store chain.
The company ranks 139th on the Fortune 500 list. Fiscal 2016 revenues exceed $20.3 billion with
a net income of $1.17 billion, and net worth of $5.3 billion.
In July 2015, Family Dollar was acquired by Dollar Tree and ceased to be a public company.
Dollar Tree took on billions of dollars of debt to acquire Family Dollar, and that negatively impacted
the credit rating of both companies. Moreover, Family Dollar, as a subsidiary of Dollar Tree, no
longer issues separate financial statements.
The best-known rating agency, Standard & Poor’s, downgraded Family Dollar in July, alongside
Dollar Tree having already been downgraded.
The combined Dollar Tree-Family Dollar entity will have approximately the same amount of
revenue as Dollar General, but more debt, hence the lower credit rating.
Dollar General is now the only dollar store chain with an investment grade rating. Dollar General
has been credit-upgraded five times since going public in 2009, most recently in October 2015. It
is now “BBB.”
DOLLAR GENERAL IS THE COUNTRY’S
LARGEST SMALL-BOX DISCOUNT RETAILER
Company Type:
PUBLIC (NYSE: DG)
Fiscal 2016 Sales
$22 BILLION
S&P 500 Credit Rating
“BBB”
2017 Fortune 500
#128
Number of Stores
13,000+
The Three Largest Discount Store Chains, Ranked by 2016 Revenue Are:
Ranking Store Chain Revenue # 0f Stores
1 Dollar General $20.3 Billion 13,000+
2 Family Dollar $10.5 Billion 8,000+
3 Dollar Tree $8.6 Billion 13,600+
dollar general

9. dollar general in the news
Dollar General is Starting to Look a Lot Like Walmart
Doling Out Pay Increases to Managers
It’s no longer enough for retailers to compete on price alone. To improve the cleanliness and availability of products in its
stores, Dollar General will take a 16 cents per share hit to boost compensation for its managers and ramp up their training.
In the stores where it’s already rolled out these changes, Dollar General has seen lower turnover among managers and
hourly employees, CEO Todd Vasos said on the company’s earnings call. It’s also seen higher sales in those locations. This
decision follows Walmart’s $2.7 billion investment into better training and pay for its employees, which it has credited for
higher customer service scores.
Investing in Lower Prices
There’s an all-out price war happening across retail. That includes both Dollar General and Walmart. Shortly after Walmart
said it would move faster to lower prices, Dollar General rolled out price cuts on hundreds of items across 17 percent of
its stores. “These locations have performed better than the chain average ever since,” Vasos said. While the company will
continue monitoring prices, it doesn’t anticipate further price cuts at this time, the CEO said.
Bringing in Fresh Produce
Dollar General’s food offering has traditionally skewed toward packaged goods. But as its customers ask for healthier
options, the retailer sees more opportunity in perishable items. The company is already testing fresh produce in some of its
stores, including the 41 locations it purchased from Walmart last year after it shuttered the express format. Dollar General
will now expand that pilot to some of its smaller shops. Walmart has made fresh produce a key piece of its turnaround
plan, as it drives more frequent visits from shoppers. While Vasos acknowledged there’s stiff competition in fresh food, he
said the company’s massive fleet and small shops give it a competitive advantage.
Going Smaller
Dollar stores are already a fraction the size of a Walmart Supercenter. But as Dollar General peppers the United States
with new shops, it’s making those locations smaller. The company plans to open an additional 160 small shops this year. At
6,000-square feet, these locations cater to central metropolitan and rural areas. That will bring the total number of these
shops to 250. Meanwhile, Dollar General is testing an even smaller 3,600-square-foot store that serves millennials living in
urban areas. The expansion of these stores comes as Walmart grows its Neighborhood Market footprint.
Making a Bigger Bet on Digital
Dollar General lags much of the retail industry when it comes to digital commerce, but the chain is putting a bigger em-
phasis on technology. Though Vasos was mum on specifics, the decision comes as more low-income consumers purchase
mobile devices, the CEO said. Becoming more digitally savvy should also help Dollar General attract millennial shoppers,
whom Vasos says are playing a bigger role in its sales. Walmart has also been rolling out upgrades to its website and mo-
bile technologies, including the ability for shoppers to pay directly from its app.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080564 6

10. 3PROPERTY DESCRIPTION
REPRESENTATIVE PHOTO

11. terrace eateries
site plan
location
TBD Penland Road
New Canton, VA 23123
site
The subject property has frontage along Penland Road and
U.S. Route 15.
square footage
The building square footage is 9,100-square feet and the lot
size is 1.17 acres.
year built
The property will be completed in September 2017.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080564 6
PENLANDROAD

12. 9
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080564
Distance to Nearest Discount Retailer
8 Miles
Nearest Distance to Competitor
Walmart: 40 Min. Drive (28 Miles)
Family Dollar: 10 Min. Drive (8 Miles)
99 Cents Only: 7 Hour Drive (364 Miles)
Dollar Tree: 1 Hour Drive (53 Miles)
RESIDENTIAL
DEVELOPMENT
RESIDENTIAL
DEVELOPMENT
RESIDENTIAL
DEVELOPMENT
RESIDENTIAL
DEVELOPMENT

13. terrace eateries
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080564 10
Richmond, VA
Population: 217,853
Distance: 60 Miles (1 Hour)
Virginia Beach, VA
Population: 450,980
Distance: 166 Miles (3 Hour)
Lynchburg, VA
Population: 79,047
Distance: 64 Miles (1 Hour)

14. PRESENTED BY
LEAD BROKER
Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016
Kyle Blatt
Associate
ONTARIO OFFICE
Tel: (909) 456-3475
kyle.blatt@marcusmillichap.com
CA License: 02017976
Joshua Rey
Associate
ONTARIO OFFICE
Tel: (909) 456-7015
joshua.rey@marcusmillichap.com
CA License: 1776485
Bryn Merrey
Broker of Record
WASHINGTON OFFICE
Tel: (202) 536-3700
REPRESENTATIVE PHOTO