Purchase Price | $1,862,068 |
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Annual Rental Income | $135,000 |
Cap Rate | 7.25% |
Lease Term | 10 Years |
City | Lancaster |
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Dollar General—a publicly traded, investment-grade retailer operating nearly 20,000 stores nationwide—offers investors a high-quality, recession-resistant asset through its corporate-guaranteed leases and absolute triple-net structure, under which the tenant assumes all property-related costs, delivering truly passive, long-term income.
In Lancaster, PA—a historic city of approximately 57,000 residents within a metro nearing 560,000—Dollar General benefits from a richly diverse economic landscape anchored by healthcare (including Lancaster General Hospital), education, manufacturing, and a strong agricultural sector that drives one of the largest county-based farming economies in the nation. While the city’s median household income hovers around $63,000—below the state average—the cost of living is roughly 5% lower than the national average, making it an affordable and stable trade area . Lancaster’s compact urban core features a vibrant retail environment with the Central Market—America’s oldest continually operating public market—and the large Park City Center mall, alongside a robust mix of independent boutiques and regional outlets . Retail remains a significant local employer, with over 13% of residents working in the sector—higher than both state and national averages. The city’s 7.2% growth in household income since 2000 highlights sustained economic resilience, even as poverty rates exceed 20%, reinforcing demand for value-driven offerings . Lancaster County’s ongoing development—reflected in a 20% rise in jobs since 2010 and strong gains in healthcare, education, and trade, transportation, and utilities—further bolsters the market’s prospects. Anchored by a stable tenant profile, deep local demand, and continued investment in infrastructure and downtown revitalization, a Dollar General in Lancaster provides a compelling net-lease investment characterized by solid income potential, minimal landlord obligations, and alignment with both local demographic dynamics and broader economic growth trends. A very strong offering