Dollar General in Plainville, Kansas

DOLLAR GENERAL CORPORATE LEASE
Dollar General
205 NE 3rd Street
Plainville, KS 67663
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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 & Millichap has not verified, and
will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or
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

Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016
Pablo Rodriguez
Senior Associate
ONTARIO OFFICE
Tel: (909) 456-7032
pablo.rodriguez@marcusmillichap.com
NV License: NV S. 0175422
Kyle Blatt
Associate
ONTARIO OFFICE
Tel: (909) 456-3475
kyle.blatt@marcusmillichap.com
PRESENTED BY

TABLE OF CONTENTS
EXECUTIVE SUMMARY
Executive Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Tenant Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Dollar General in the News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
FINANCIAL OVERVIEW
Financial Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Rent Roll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Schedule of Prospective Cash Flow . . . . . . . . . . . . . . . . . . . . 8-9
PROPERTY DESCRIPTION
Parcel Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Site Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Aerial Maps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14-15
Nearby Competition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
MARKET OVERVIEW
Plainville, Kansas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
COMPARABLES
Recently Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
COMPARABLES
Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

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. © 2011 Marcus & Millichap ACT ID Y0080278 2
Marcus & Millichap is pleased to exclusively market for sale a Dollar General store in Plainville, Kansas.
The Dollar General is currently operating under a brand new, 15-year Triple Net Lease with 10 percent rent
increases in each of the five, five-year renewal options. The lease is guaranteed by Dollar General Corpo-
ration, which is publicly traded on the New York Stock Exchange under the ticker “DG” and has a current
“BBB” credit rating by Standard & Poors.
The property is strategically located at the intersection of Kansas Highway 18 and U.S. Route 183, main
thoroughfares in Kansas. The Dollar General is the only discount retailer within 25 miles. Nearby national
retail tenants include Pizza Hut, the United States Postal Service, and Dairy Queen. Additionally, Dollar
General is within a one-mile radius from Plainville’s three local grade schools, elementary to high school,
with a combined 568 students.
Plainville is a city in Rooks County in Northwest Kansas, halfway between Denver and Kansas City at the
eastern edge of the Great Plains. Once known as the “Queen City of Paradise Flats,” Plainville sits on a
relatively flat plain near the Paradise Creek with a lake to the west, rolling hills to the south and north, and
river valley to the east. The countryside surrounding Plainville is also some of the most productive in the
west central region of Kansas.
overview
11-Year Triple Net Investment Opportunity With Zero Landlord Responsibilities
Virtually Zero Nearby Competition | Nearest Competitor, Walmart, 25 Miles Away
Dollar General is 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 #139 in Fortune 500
Dollar General is Within One Mile Radius From Three Local Grade Schools with 568 Students Com-
bined
Located Along Kansas Highway 18, Plainville’s Main East-West Thoroughfare
investment highlights

tenant overview
43
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2011 Marcus & Millichap ACT ID Y0080278
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
Prototype Dollar Generals have a standard box structure with a flat roof.
Company Type:
PUBLIC (NYSE: DG)
Fiscal 2015 Sales
$20.4 BILLION
S&P 500 Credit Rating
“BBB”
2015 Fortune 500
#139
Number of Stores
12,483
The Three Largest Discount Store Chains, Ranked by 2015 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+

8
dollar general in the news

5
dollar general in the news
Dollar General is Starting to Look a Lot Like Wal-Mart
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 Wal-Mart’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 Wal-Mart. Shortly after Wal-Mart
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 con-
tinue 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 Wal-Mart last year after it shuttered the Express format. Dollar General
will now expand that pilot to some of its smaller shops. Wal-Mart 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 Wal-Mart Supercenter. But as Dollar General peppers the U.S. 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 Wal-Mart 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. Wal-Mart has also been rolling out upgrades to its website and mobile
technologies, including the ability for shoppers to pay directly from its app.

financial overview
7
annualized operating data
Lease Years Annual Rent Monthly Rent Rent/SF
Years 1-10 $73,499 $6,125 $12.25
Years 11-15 $75,704 $6,309 $12.62
Years 16-20 (Option 1) $83,274 $6,940 $13.88
Years 21-25 (Option 2) $91,601 $7,633 $15.27
Years 26-30 (Option 3) $100,761 $8,397 $16.79
Years 31-35 (Option 4) $110,838 $9,237 $18.47
Net Operating Income $73,499
offering summary
Property Name Dollar General
Property Address 205 NE 3rd Street
Plainville, KS 67663
Price $1,100,000
Price/SF $121.87
Cap Rate 6.68%
Rentable Square Feet 9,026 Square Feet
Year Built 2014
Lot Size 0.98 Acres
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 8/7/2013
Rent Commencement Date 2/25/2014
Lease Expiration Date 2/24/2029
Term Remaining on Lease 11.75 Years
Increases 3% Increase at Year 11, 10% (Each Option)
Options Four, Five-Year Options
vita data
Net Operating Income - Current $73,499
Ownership Fee Simple (Land & Improvements)
Proposed Financing New First Trust Deed
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%

4
parcel overview
location
205 NE 3rd Street
Plainville, Kansas 67663
site
The subject property has frontage along NE 3rd Street.
square footage
The building square footage is 9,026-square feet and the lot size is +/- 0.98
acres.
access
Access is from NE 3rd Street (Kansas Highway 18).
traffic counts
traffic counts of 4,500 at the intersection of Washington Street and 3rd Street.
year built
The property was built in 2014.
9
3rd Street (Kansas Highway 18)

10
Sacred Heart
GRADE SCHOOL
Sacred Heart
CATHOLIC CHURCH
WashingtonStreet
3rd Street

11
ROOKS COUNTY
HEALTH CENTER
R C H
Plainville
ELEMENTARY SCHOOL
Plainville
HIGH SCHOOL
Sacred Heart
GRADE SCHOOL
Nearest Competitor
Walmart
23 Miles Away (26 Min. Drive)
location facts:
2,686
RESIDENTS
$53,080
AVG HOUSEHOLD
INCOME

12
Kansas CityTopeka
Wichita
Hays
Manhattan
Colby
Salina
Dodge City
Hutchinson

area overview
Wichita, Kansas
3 Hour Drive
Topeka, Kansas
3 Hour Drive
Kansas City, Missouri
4 Hour Drive
Plainville, Kansas
The area was first settled in 1877 by Hiram Keas. Plainville, previously known as Paradise Flats, was established in 1888,
in Rooks County, Kansas. With the advent of the railway in the 1880s, Plainville became a bustling community on the
prairie. Agriculture and oil production is the heart of the economy. Plainville supports a hospital, high school, grade
school, parochial school, three banks, seven churches, grocery store, and many small businesses.
Plainville is located at an elevation of 2,146 feet. The city lies in the Smoky Hills region of the Great Plains on the north
side of Paradise Creek, a tributary of the Saline River. Southwest of the city, the creek has been dammed to form a
small reservoir --Plainville Township Lake. Plainville is approximately nine miles north of the Saline River and 13 miles
south of the South Fork Solomon River.
Plainville is located in north-central Kansas at the intersection of U. S. Route 183 and K-18. The city is approximately
150 miles northwest of Wichita and 253 miles west of Kansas City. According to the United States Census Bureau, the
city has a total area of 1. 2 square miles, all of it land.
14
Distance To From Property

comparables
Representative Photo

16
comparables
Close of Escrow 10/28/2016
Sales Price $1,000,000
Price/SF $109.89
Cap Rate 6.75%
Gross Leasable Area 9,100 SF
Year Built 2015
Asking Price $1,100,000
Price/SF $121.87
Cap Rate 6.68%
Year Built 2014
Subject Property: Dollar General Dollar General of Altamont
200 West 4th Street, Altamont, KS 1940 Haskell Avenue, Lawrence, KS
Dollar General of Lawrence
205 NE 3rd Street, Plainville, KS
Price/SF $159.08
Cap Rate 6.35%
Year Built 2016
1 2
Average Price Per SF $133.79
Average Cap Rate 6.59%
Comparables

17
comparables
803 Maple St, Overbrook, KS
Dollar General of Overbrook
Price/SF $132.41
Cap Rate 6.68%
Year Built 2016
3

25
demographics
20
Subject Property
3 Miles 5 Miles 10 Miles
2016 Population 2,163 2,285 2,686
2016 Households 925 963 1,128
2016 Average Household Size 2.30 2.30 2.32
2016 Daytime Population 857 897 1,072
2016 Owner Occupied Housing Units 76.71% 76.91% 77.71%
2016 Renter Occupied Housing Units 23.29% 23.09% 22.29%
2016 Average Household Income $52,913 $52,915 $53,080
2016 Median Household Income $40,372 $40,535 $41,157

Dollar General in Plainville, Kansas

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