Plus 1401 Euclid Avenue, Bristol, VA

Offering Memorandum

*Representative Photo Confidentiality & Dislaimer Statement

This is a confidential Offering Memorandum intended solely for your Offering Procedure own limited use to determine whether you wish to express any further interest in the property. This confidential memorandum contains brief, Offers should be submitted in the form of a standard non-binding Letter of selected information pertaining to the business and affairs of the Site and Intent, which can be provided by the broker, and must specify the following: has been prepared by Colliers International Florida, LLC, primarily from • Price (Call for pricing guidance) information supplied by the Owner. Although this confidential memorandum • Length of Inspection Period has been reviewed by representatives of the Owner, it does not propose to • Length of Closing Period be all-inclusive, nor does it contain all the information which a prospective • Amount of earnest money deposit at execution of a Purchase and purchaser may require or desire. Neither the Owner, nor any of its officers, Sale Contract directors, employees or agents, nor Colliers International Florida, LLC, makes • Amount of additional deposit upon expiration of Inspection Period any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential memorandum or any of its contents, and no legal liability is assumed or is to be implied by any of the aforementioned with respect thereto. Contact Us Christopher Twist Prospective offerors are advised to verify the information independently. Senior Director The Owner reserves the right to change the price or any information in this +1 561 602 8390 [email protected] Memorandum, or to withdraw the Site from the market at any time, without notice. This confidential memorandum shall not be deemed an indication Colliers International Florida, LLC of the state of affairs of the Property or the Owner, nor shall it constitute 200 E Broward Boulevard, Suite 120 an indication that there has been no change in the business or affairs of the Fort Lauderdale, FL 33301 Property or the Owner since the date of preparation of this memorandum. By colliers.com your receipt of this confidential memorandum, you agree that the information contained herein is of a confidential nature and you will not disclose this memorandum or any part of the contents to any other person, firm or entity without prior authorization from Colliers International Florida, LLC. Table of Contents

Executive 04 Summary

Aerial Map 05 Overview

Property 09 Overview

Tenant 11 Overview

Location 13 Overview

Demographic 14 Overview

Market 16 Overview Executive Summary

The Twist Capital Team of Colliers is pleased to offer for sale, to qualified investors, the opportunity to acquire this Dollar General Plus, store number 21, located in Bristol VA.

This Dollar General Plus is a relocation and expansion of an existing store in the area, showing their commitment to the community. Dollar General Plus locations are larger than traditional Dollar General stores that have more coolers/freezers to keep more perishable items in NNN Investment Opportunity stock.

Investment Summary Lease Guarantor Dollar General

Lease Type Absolute NNN Tenant Annual Rent $104,783

1401 Euclid Avenue Rent Commencement September 10, 2015 Address Bristol, VA 24201 Expiration Date June 30, 2030 Asking Price $1,940,425 Options to Renew Five, 5-year options NOI $104,783 Rental Increases 10% on each option Cap Rate 5.4% Dollar General | Bristol, VA | Colliers 5 RETAILERAerial Map MAPOverview

Commonwealth Avenue

Euclid Avenue/Lee Highway

Colliers International Page 5 Dollar General | Bristol, VA | Colliers 6 S Facing Map View

Commonwealth Avenue

Euclid Avenue/Lee Highway Dollar General | Bristol, VA | Colliers 7 NE Facing Map View

Commonwealth Avenue

Euclid Avenue/Lee Highway

Bob Morrison Boulevard Dollar General | Bristol, VA | Colliers 8 Highlights

• Dollar General Store Number 21

• Larger Dollar General Plus location

• Dollar General Corporation is rated “BBB” by S&P

• Absolute NNN 15-year lease

• Corporate guaranteed lease - No landlord responsibilities

• 10% rental increases in each of the five, 5-year options

• Strong Demographics with population of ±52,000 within a 5-mile radius

• Excellent location on a major retail corridor and in front of the Euclid Avenue Shopping Center

• Nearby retailers include: Walgreen’s, Mobile, Subway, McAllister’s Deli, Taco Bell, Popeye’s, Hardee’s and Food Lion across the street Dollar General | Bristol, VA | Colliers 9 Property Overview

Address 1401 Euclid Avenue, Bristol, VA 24201

Tenant Dollar General

Building Type Storefront

Year Built 2015

Type of Ownership Fee Simple

Stories One

Gross Leasable Area ±10,640 SF

Lot Size .9432 acres

Annual Rent (NOI) $104,783

Asking Price $1,940,425

Cap Rate 5.4% Dollar General | Bristol, VA | Colliers 10 Site Plan Dollar General | Bristol, VA | Colliers 11 Tenant Profile

Dollar General Corporation Tenant Facts (NASDAQ: DG) Founded In: 1939 Locations ±15,000 100 Mission Ridge Employees ±143,000 Goodlettsville, TN Industry: Discount Retailer United States Headquarters: Goodlettsville, www.dollargeneral.com Revenue: ±$27.9 Billion

Dollar General Corporation (NYSE: DG), is a discount retailer in the United States. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. Its merchandise includes national brands from manufacturers, as well as private brand selections with prices at discounts to national brands. It offers its merchandise at everyday low prices through its convenient small-box locations. The Company sells national brands from manufacturers, such as Procter & Gamble, PepsiCo, Coca-Cola, Nestle, General Mills, Unilever, Kimberly Clark, Kellogg’s and Nabisco, which are typically found at higher retail prices elsewhere. Additionally, its private brand consumables offer even greater value with options to purchase value items and national brand equivalent products at substantial discounts to the national brand. The Company operates approximately 13,320 stores located in 43 states located in the southern, southwestern, midwestern and eastern United States.

Dollar General | Bristol, VA | Colliers 12 Property Photos Dollar General | Bristol, VA | Colliers 13 Location Overview

The Property is located in Bristol, Virginia on the north side of Euclid Avenue/ Lee Highway, a primary retail corridor. The Subject Property offers direct access to major roadways that connect with surrounding cities that include Roanoke and Lynchburg, Virginia to the northeast and Knoxville, Tennessee Virginia to the southwest. The subject site is situated in a stable trade area, Tennessee surrounded by a mix of residential and commercial development.

Local Street Map View

Euclid Avenue Dollar General | Bristol, VA | Colliers 14 Demographic Overview - 5 Mile Radius

53,098 Total Population in 2020

22,806 Total Households in 1 Mile 2020

3 Miles

5 Miles $58,081 Average Household Income in 2020

Demographic Summary

The Population within a three mile radius of the subject property shows an estimated 32,880 residents. The population increases substantially at a five mile radius to reflect a total of 53,098. The current average household income for the population within a five mile radius of the Property is estimated at over $58,081 per household and is expected to grow by two percent to $62,735 over the next five years.

Source: Esri Consumer 2019 Annual spending total Expenditures

1401 Euclid Ave, Bristol, Virginia,24201 5 mile radius

2019 Wealth & income $1,153,409,973 $360,866,231

Annual budget Retail goods expenditures 2019 Annual household goods spending $41,281 $24,925 $35,958

Median household Per capita income Median disposable income income $12,407,091 $32,667,882 $1,540,581

Housekeeping supplies Furnishings Household textiles

$132,623 $55,977 $9,389,408 $5,542,336 $1,552,403 Median home value Median net worth Furniture Major appliances Housewares

2019 Annual transportation spending 2019 Annual entertainment/recreation spending

$142,479,410 $42,294,724 $37,730,069 $50,626,121 $2,937,040 $509,260 2019 Annual spending total PaymentsConsumer on vehicles Total Sports/rec/exercise Transportation total Gasoline & motor oil Books 2019 Annual spending total equipment Consumer ConsumerexcludingExpenditures leases entertainment/rec2019 Annual spending total Consumer 2019 Annual spending total Dollar General | Bristol, VA | Colliers Expenditures Expenditures 15 Expenditures 1401 Euclid Ave, Bristol, Virginia,24201 5 mile radius 1401 Euclid Ave, Bristol, Virginia,24201 1401$18,501,907 Euclid Ave, Bristol,$28,490,778 Virginia,24201 $6,435,164 $714,419 $1,857,097 $19,004,026 5 mile radius 1401 Euclid Ave, Bristol, Virginia,24201 5 mile radius Consumer Expenditures5 mile radius 2019 Wealth - & income $1,153,409,973 $360,866,231 5 mile radius Vehicle maintenance& Photo Toys/games/craf ts/ Vehicle insurance Leased vehicles TV/video/audio repairs equipment/supplies hobbies 2019 Wealth & income $1,153,409,973 $360,866,231 2019 Wealth & income Annual$1,153,409,973 budget Retail$360,866,231 goods 2019 Wealth & income $1,153,409,973 $360,866,231 expenditures Annual budget 2019 Annual food & alcohol spending Annual2019 Annualbudget apparel spending Retail goods Annual budget 2019 Annual household goods spendingRetail goods expenditures Retail goods expenditures $41,281expenditures $24,925 $35,958 2019 Annual household goods spending 2019 Annual household goods spending Median2019 household Annual householdPer capita income goods spendingMedian disposable income income $41,281 $24,925 $35,958 $41,281 $24,925 $35,958 $41,281$138,713,692 $83,129,461$24,925 $55,584,231$35,958 $31,230,736$12,407,091 $32,667,882$5,908,809 $11,171,794$1,540,581 Median household Per capita income Median disposable Median household Per capita income Median disposable Housekeeping supplies Furnishings Household textiles Median household Per capita income Median disposable Food total Food at home Food away from home Total apparel & services Men`s apparel Women`s apparel income income $12,407,091 $32,667,882 $1,540,581 income income income income $12,407,091 $32,667,882 $1,540,581 $12,407,091 $32,667,882 $1,540,581 Housekeeping supplies Furnishings Household textiles Housekeeping supplies$132,623Furnishings $55,977Household textiles Housekeeping supplies Furnishings Household textiles $9,389,408 $5,542,336 $1,552,403 $8,556,007Median home $4,992,576value Median net$3,563,431 worth $4,609,736 $1,335,191 $6,994,898 Furniture Major appliances Housewares Alcoholic beverages Alcoholic beverages at Alcoholic beverages $132,623 $55,977 Children`s apparel Infant apparel Footwear $132,623 $55,977 total$132,623home $55,977away from home $9,389,408 $5,542,336 $1,552,403 $9,389,4082019 Annual$5,542,336 transportation spending$1,552,403 2019$9,389,408 Annual entertainment/recreation$5,542,336 spending$1,552,403 Median home value Median net worth Median home value Median net worth Median home value Median net worth Furniture Major appliances Housewares Furniture Major appliances Housewares Furniture Major appliances Housewares

2019 Annual transportation spending 2019 Annual2019 Annual entertainment/recreation transportation spending spending 2019 Annual2019 Annual entertainment/recreation transportation spending spending 2019 Annual entertainment/recreation spending Consumer 2019 Annual spending total $142,479,410 Expenditures$42,294,724 $37,730,069 $50,626,121 $2,937,040 $509,260 Payments on vehicles Total Sports/rec/exercise Transportation total Gasoline & motor oil Books excluding leases entertainment/rec equipment 1401 Euclid Ave, Bristol, Virginia,24201 $142,479,410 $42,294,724 $37,730,069 $50,626,121 $2,937,040 $509,260 $142,479,410 $42,294,724 $37,730,069 $50,626,121 $2,937,040 $509,260 $142,479,4105 mile radius $42,294,724 $37,730,069 $50,626,121 $2,937,040 $509,260 Payments on vehicles Total Sports/rec/exercise Payments on vehicles TransportationTotal total Sports/rec/exercise Gasoline & motor oil Payments on vehicles Books Total Sports/rec/exercise Transportation total Gasoline & motor oil excluding leases Books Transportationentertainment/rec total equipment Gasoline & motor oil $1,153,409,973 Books excluding leases entertainment/rec equipment 2019 Wealthexcluding & leases income entertainment/rec equipment$360,866,231 $18,501,907 $28,490,778 $6,435,164 $714,419 $1,857,097 $19,004,026 Annual budget Retail goods Vehicle maintenance& Photo Toys/games/craf ts/ Vehicle insurance Leased vehicles expenditures TV/video/audio repairs equipment/supplies hobbies 2019 Annual household goods spending $18,501,907 $28,490,778 $6,435,164 $714,419 $1,857,097 $19,004,026 $18,501,907 $28,490,778 $6,435,164 $714,419 $1,857,097 $19,004,026 $18,501,9072019 Annual$28,490,778 food & alcohol spending$6,435,164 $714,4192019 Annual apparel$1,857,097 spending $19,004,026 Vehicle maintenance& $41,281Photo Toys/games/craf$24,925 ts/ $35,958 Vehicle insurance Leased vehicles TV/video/audio Vehicle maintenance& Photorepairs Toys/games/craf ts/ Vehicleequipment/supplies maintenance& hobbies Photo Toys/games/craf ts/ Vehicle insurance Leased vehicles TV/video/audio Median household PerVehicle capita insuranceincome MedianLeased disposable vehicles TV/video/audio repairs equipment/supplies hobbies repairs equipment/supplies hobbies income income $12,407,091 $32,667,882 $1,540,581 2019 Annual food & alcohol spending 2019 Annual apparel spending 2019 Annual food & alcohol spending 2019 Annual apparel spending $138,713,6922019 Annual$83,129,461 food & alcohol spending$55,584,231 Housekeeping$31,230,736 supplies2019 $5,908,809FurnishingsAnnual apparelHousehold$11,171,794 spending textiles

Food total Food at home Food away from home Total apparel & services Men`s apparel Women`s apparel $132,623 $55,977 $138,713,692 $83,129,461 $55,584,231 $31,230,736 $5,908,809 $11,171,794 $9,389,408 $5,542,336 $1,552,403 Median home value Median net worth $138,713,692 $83,129,461 $55,584,231 $31,230,736 $5,908,809 $11,171,794 $138,713,692 $83,129,461 $55,584,231 Furniture$31,230,736Major appliances$5,908,809 Housewares$11,171,794 Food total Food at home Food away from home Total apparel$8,556,007 & services Men`s$4,992,576 apparel Women`s$3,563,431 apparel $4,609,736 $1,335,191 $6,994,898 Food total Food at home Food away from home Total apparel & services Men`s apparel Women`s apparel AlcoholicFood total beverages AlcoholicFood beveragesat home at AlcoholicFood away beverages from home Total apparel & services Men`s apparel Women`s apparel 2019 Annual transportation spending 2019Children`s Annual apparel entertainment/recreationInfant apparel spendingFootwear total home away from home

$8,556,007 $4,992,576 $3,563,431 $4,609,736 $1,335,191 $6,994,898 $8,556,007 $4,992,576 $3,563,431 Alcoholic$4,609,736 beverages Alcoholic$1,335,191 beverages at Alcoholic$6,994,898 beverages Children`s$8,556,007 apparel Infant$4,992,576 apparel $3,563,431Footwear $4,609,736 $1,335,191 $6,994,898 total home away from home Alcoholic beverages Alcoholic beverages at Alcoholic beverages Alcoholic$142,479,410 beverages Alcoholic$42,294,724 beverages at $37,730,069Alcoholic beverages $2,937,040 $509,260 Children`s apparel Infant apparel Footwear $50,626,121Children`s apparel Infant apparel Footwear total home away from home total home away from home Payments on vehicles Total Sports/rec/exercise Transportation total Gasoline & motor oil Books excluding leases entertainment/rec equipment

$18,501,907 $28,490,778 $6,435,164 $714,419 $1,857,097 $19,004,026

Vehicle maintenance& Photo Toys/games/craf ts/ Vehicle insurance Leased vehicles TV/video/audio repairs equipment/supplies hobbies

2019 Annual food & alcohol spending 2019 Annual apparel spending

$138,713,692 $83,129,461 $55,584,231 $31,230,736 $5,908,809 $11,171,794

Food total Food at home Food away from home Total apparel & services Men`s apparel Women`s apparel

$8,556,007 $4,992,576 $3,563,431 $4,609,736 $1,335,191 $6,994,898

Alcoholic beverages Alcoholic beverages at Alcoholic beverages Children`s apparel Infant apparel Footwear total home away from home Dollar General | Bristol, VA | Colliers 16 Area Overview

Bristol Overview Bristol is an independent city in the Commonwealth of Virginia. It is the twin city of Bristol, Tennessee, just across the state line, which runs down the middle of its main street, State Street. It is surrounded on three sides by Washington County, Virginia, which is combined with the city for statistical Photo credit: richmond.com purposes. Bristol is a principal city of the Kingsport–Bristol–Bristol, TN-VA Metropolitan Statistical Area, which is a component of the Johnson City– Kingsport–Bristol, TN-VA Combined Statistical Area – commonly known as the “Tri-Cities“ region.

Virginia Overview Virginia’s economy has diverse sources of income, including local and federal government, military, farming and high-tech. The state’s average earnings per job was $63,281, the 11th-highest nationwide, and the gross domestic product (GDP) was $476.4 billion in 2018, the 13th-largest among U.S. states.

Tennessee Overview Tennessee’s commercial sector is dominated by a wide variety of companies, but its largest service industries include health care, transportation, music and entertainment, banking, and finance. Large corporations with headquarters in Tennessee include FedEx, AutoZone, International Paper, and First Horizon Corporation, all based in Memphis; Pilot Corporation and Regal Entertainment Group in Knoxville; Hospital Corporation of America and Caterpillar Financial, based in Nashville; Unum in Chattanooga; Acadia Senior Living and in Franklin; Dollar General in Goodlettsville, and LifePoint Health, , Colliers International, and Delek US in Brentwood. Photo credit: istock.com Contact us:

Christopher Twist Senior Director +1 561 602 8390 [email protected]

Colliers International Florida, LLC 200 E Broward Boulevard, Suite 120 Fort Lauderdale, FL 33301 colliers.com

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