Dollar General is one of the largest dollar store chains in the US offering a broad selection of merchandise, including consumables, seasonal, home products and apparel. The stores feature low-cost, no frills buildings with limited maintenance capital, low operating costs, and focused merchandise offerings within a broad range of consumer goods and grocery categories. Dollar General stores average 9,100 square feet of sales space and ~70% of the stores are located in towns of 20,000 or fewer people. Dollar General is appealing to net lease investors given it’s lower price points, respectable sales record, and corporate expansion strategy in the growing discount retail market segment. Dollar General’s new store model is approximately 9,100 square feet on 1 acre of land to accommodate a minimum of 30 parking spaces. Dollar General net lease properties have high visibility and full ingress/egress along retail corridors with good traffic. Higher cap rates and lower price points result in a larger pool of qualified buyers. All Dollar General net leases have a corporate guarantees and new stores are mostly NNN with 15-year initial terms. New Dollar General’s lease terms typically include 10% bumps every five (5) years and in options making it an ideal passive investment deal for Out-of-State investors. A sizable portion of their new stores are subject to build-to-suit arrangements.. Older stores generally are NN, where the landlord is responsible for roof and structure with higher cap rates. These older stores with NN leases can be subject to shorter terms, customarily 10-year leases. As of 8/3/2018 Dollar General operates 15,015 stores spanning 44 states. Dollar General opened 510 new stores in the first half of 2018 and plans to expand that number to 900 by year’s end.