Dollar General & Universal Academy

Double Net Lease Structure – The lease is structured as a double net, with the tenant responsible for the majority of operating expenses. The landlord’s obligations are limited solely to roof and structural components, minimizing ongoing ownership responsibilities.
Parking Lot Improvements – The property benefits from recent capital improvements, with the entire asphalt parking lot re-sealed in October 2025. This upgrade reduces near-term maintenance requirements and enhances overall curb appeal.
Lease Extension Secured – In early 2024, Dollar General exercised its next 5-year option well in advance of its expiration, extending the lease term from May 1, 2026 through April 30, 2031. This proactive commitment underscores the tenant’s long-term occupancy strategy at this location.
Scheduled Rental Escalation – The lease includes a contractual 8% rental increase effective May 1, 2026, providing built-in income growth and enhancing the property’s cash flow profile.
Additional Tenant Option – The lease also provides for one remaining 5-year renewal option, which, if exercised, would extend Dollar General’s tenancy through April 30, 2036, offering further stability and long-term income potential.

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