Smith Attaway

Dollar General
Valley Center, KS

Representational Picture

Investment Overview

Transactional Excellence
 Dollar General
Table of Contents

Pages Section Title

1 Asset Overview
2 Asset Financials
3 Lease/Tenant Overview
CPI Increases
4 Financing Terms
5 Comparables
6 Investment/Location Highlights

The information herein is believed to be true, however Smith Attaway LLC will not represent any information
herein. It is up to Individual investors to VERIFY ALL information prior to making an investment decision
 Deal Overview

The Subject property is a Property is a Dollar General located in the Wichita, KS MSA. Specifically Valley Center,
KS, Which is located North of Wichita in Wichita County. The property was developed for Dollar General in the
Summer of 2009. In the Six Months that the store has been open it has become one of their better performing stores in
KS in terms of store sales (Placing it in the top 25% of stores in terms of store sales).

The Lease is guaranteed by Dollar General Inc through June 2018. Dollar General Inc. has a net worth of over
$8,300,000,000 and last year produced sales revenues in excess of $12,000,000,000. After the Original lease term
expires Dollar General has two five year options to extend there lease. During each of those option periods Dollar
General rent will increase by 10% each five years.

The Things the Buyer is going to need to get comfortable with are as follows:

1.) Flat 10 Year Lease-Dollar General signed a flat 10 year lease in July of 2009. There will not be an opportunity to
increase the NOI on the property until Family Dollar exercises there first option. While there is no Guarantee that the
Dollar General will exercise there option we do know that the store is one of the top performers in the state , which
would make it seem fairly likely that they would exercise the option.

2.) Location: Valley Center is not a major city it's a small town suburb of Wichita, KS, However Wichita is the
General Aviation Production Capital of the Country. Meaning that it is one of the few cities in America with a
thriving middle class made up of mostly factory workers. With the infrastructure in place along with Incentives that
the state is providing businesses to stay in Kansas it is very unlikely that any of the companies will be leaving the state.
Additionally Kansas is becoming one of the leading states with regards to green power technology specifically wind
power. Simple put there is a strong industrial base in Valley Center which contributes to the above average house hold
income for a such a small town.

On the following pages you will find a detailed financial overview of this asset including information on both Dollar
General Corporate. Should you have any further questions please feel free to contact us. Thank you for your interest
and we look forward to hearing from you in the near future

Best regards,

Andrew Ackerman
Co-Founder/President
Smith Attaway Company
(770)842-6904
 Financial & Tenant Summary
Financial Summary

Price $833,333
Cap Rate 9.00%
Price Per Square Foot $92
Square Feet 9,014
Effective Gross Income $75,000
Expenses $0
Net Operating Income $75,000

Loan Summary
Loan to Value 75%
Down Payment $624,999
Interest Rate 7.00%
Amortization (Years) 20
Term (Years) 5
Annual Debt Service 58,147
Cash flow after Debt Service $16,853
Cash on Cash Return 8.09%

Tenant Summary
Tenant Name: Dollar General
Corporate Guarantee Yes
Publicly Traded Yes
Years in Business 70 Years
Number of Locations 8,00
Credit Rating BBB-

Lease Summary
Lease Commencement 8/1/2009
Lease Expiration 7/31/2018
Option Periods (With CPI Increase) Two (2) X Five (5) year options
Rent Increases during Option periods 10%
Lease Type Triple Net (NNN)

The information herein is believed to be true, however Smith Attaway LLC will not represent any information herein. It is up to
Individual investors to VERIFY ALL information prior to making an investment decision
 Lease Overview
Tenant Name Dollar General
Building Size (Sqft) 9,180
Annual Rent $75,000
Rent Per Square foot $8.17
Lease Commencement 8/1/2009
Lease Expiration 7/31/2018
Lease Term 10 Years
Term Remaining on lease (Years) 10
Franchisee/licensee No
Corporate Guarantee Yes
Number of Stores 8,00
Number of Company Owned 8,00
Publicly Traded Yes
Net Worth $4.1 Billion
Sales Revenue $1.8 Billion

Lease Type Triple Net (NNN)

Tenant Responsibility CAM, Taxes, Insurance

Landlord Responsibility Roof, Structure & Parking lot

Year Built 8/1/2009

The information herein is believed to be true, however Smith Attaway LLC will not represent any information herein. It is up to
Individual investors to VERIFY ALL information prior to making an investment decision
 Prospective Loan
Leverage: 75%
Price $833,333
Equity Required: 25% $624,999
Loan Amount $208,334
Prime Interest Rate 3.25%
Add'l BP 3.75%
Interest Rate 7.00%
Term 5
Amortization 20
Origination Fee $6,250
Debt Coverage Ratio 1.29
Annual Debt Service $58,147

Cash Flow After Debt Service $16,852.58

Cash on Cash Return 8.09%

*** Loan information may vary depending on the financial strength of the purchaser and the
financial markets fluctuating all perspective purchasers should speak to their bankers to obtain
an accurate loan quote.

The information herein is believed to be true, however Smith Attaway LLC will not represent any information herein. It
is up to Individual investors to VERIFY ALL information prior to making an investment decision
 Cap Rate Comparison

9.10%
9.00%
8.90%
Cap Rate

8.80%
8.70%
8.60%
8.50%
8.40%
8.30%
8.20%
Subject Property Eagleville, TN Dollar Emporia, VA Dollar Burgess, VA Dollar Buckner MO, Dollar Oskalaoosa, KS Carbondale, KS
General General General General Dollar General Dollar General

Property

Lease Term Remaining Comparison

Lease Term Remaining

9.6
9.5
9.4
9.3
9.2
9.1
9
8.9
8.8
8.7
Subject Property Eagleville, TN Dollar Emporia, VA Dollar Burgess, VA Dollar Buckner MO, Dollar Oskalaoosa, KS Dollar Carbondale, KS Dollar
General General General General General General
Property

Price Per Square Foot Comparison

$120.00
$100.00
Price Per SF

$80.00
$60.00
$40.00
$20.00
$0.00
Subject Property Eagleville, TN Dollar Emporia, VA Dollar Burgess, VA Dollar Buckner MO, Dollar Oskalaoosa, KS Carbondale, KS
General General General General Dollar General Dollar General

Property

Rent Comprables

$10.00
$9.50
Rent Per SF

$9.00
$8.50
$8.00
$7.50
$7.00
Subject Property Eagleville, TN Dollar Emporia, VA Dollar Burgess, VA Dollar Buckner MO, Dollar Oskalaoosa, KS Carbondale, KS
General General General General Dollar General Dollar General
Property

The information herein is believed to be true, however Smith Attaway LLC will not represent any information herein. It is up to Individual investors to VERIFY ALL information prior to
making an investment decision
 Investment Highlights

8% Cash on Cash Return Strong Store sales- (top 25% in Kansas)

Rent Increases in the Option

Periods Concrete Parking Lot

Brand New Construction Dollar General Corporate Guarantee

Location Highlights

No Competition From Dollar Store

Median income over $50,000 Competitors or grocery stores

Capital of General Aviation aircraft

creating significant middle class
jobs Located in Wichita MSA,

The information herein is believed to be true, however Smith Attaway LLC will not represent any information
herein. It is up to Individual investors to VERIFY ALL information prior to making an investment decision
 Exclusively Listed & Presented By:

The Pinnacle Building

3455 Peachtree Rd Suite 500
Atlanta, Georgia 30326
Phone: (770)842-6904
Email:Andrew.Ackerman@SmithAttaway.com

The information herein is believed to be true, however Smith Attaway LLC will not represent any information
herein. It is up to Individual investors to VERIFY ALL information prior to making an investment decision