Purchase Price | $2,071,428 |
---|---|
Annual Rental Income | $145,000 |
Cap Rate | 7% |
Lease Term | 12 Years |
City | Bel Air |
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This offering presents a net-lease property occupied by Dollar General Corporation—a publicly traded, investment-grade retailer with a secure corporate guarantee. The absolute triple-net lease structure places full responsibility for property expenses—including taxes, insurance, and structural maintenance—on the tenant, ensuring truly passive, long-term income for the investor.
Bel Air is the county seat of Harford County, Maryland, with a population of approximately 10,395 residents as of July 1, 2024 . The town is strategically located 23 miles north of Baltimore, 75 miles south of Philadelphia, and 68 miles north of Washington, D.C., providing excellent connectivity to major metropolitan areas .
The median household income in Bel Air is $69,912, with a per capita income of $41,838 . The town boasts a diverse economy supported by key sectors such as healthcare, retail, and government services. Major employers include Upper Chesapeake Hospital, Harford County Government, and Home Depot .
Bel Air’s retail environment is robust, with total retail sales amounting to $806,667 in 2022, translating to $76,158 in retail sales per capita . The town’s commercial infrastructure is well-developed, offering a stable consumer base and limited competition in the discount retail sector.