3 Locations

Marcus & Millichap is pleased to present a net leased investment opportunity consisting of three newer construction, corporate-guaranteed Dollar General stores in Pennsylvania. These properties feature absolute NNN leases with zero landlord responsibilities, providing passive income streams backed by Dollar General’s investment-grade credit rating. The stores are strategically located in growing communities within established metropolitan statistical areas and underserved rural markets across Pennsylvania.

The first property is located at 50 Old Indiana Rd in Josephine, PA, in Indiana County, part of the Indiana, PA Micropolitan Statistical Area. Built in 2022 on a spacious 2.00-acre parcel with 10,640 SF of gross leasable area. The Dollar General benefits from its prominent position along US Route 119 (13,000+ VPD traffic count). The surrounding area features a densely wooded, recreational landscape near educational and employment hubs in Indiana County. With over 51,347 residents within a 10-mile radius and average household incomes reaching $76,757 at that radius, the location serves an affluent rural demographic poised for steady growth.

The second property is situated at 6883 Raystown Rd in Hopewell, PA, in Bedford County. Constructed in 2022 on a 2.00-acre site with 10,640 SF. The store benefits from its proximity to the world-class Raystown Lake recreational area — a major tourism and outdoor destination drawing visitors and residents year-round. With over 14,030 residents within a 10-mile radius and average household incomes of approximately $73,509, it taps into a stable, leisure-driven economy in this scenic, low-competition rural pocket.

The third property is located at 13071 US-422 in Kittanning, PA, the county seat of Armstrong County and part of the Pittsburgh, PA Metropolitan Statistical Area. Built in 2022 on a 1.01-acre site with 10,330 SF of gross leasable area. Positioned along the high-traffic US Route 422 corridor (10,000+ VPD), the store serves a vibrant small-town and regional market supported by manufacturing, healthcare, and proximity to Pittsburgh’s economic engine. It enjoys over 14,030 residents in the 10-mile radius with strong average household incomes around $73,509. All three properties offer attractive cap rates with corporate NNN leases featuring 10% rent increases every option term (3/5 years), ensuring built-in growth with long-term lease terms remaining. These build-to-suit locations provide reliable passive income streams and serve underserved rural and small-town markets.

Dollar General Corporation (NYSE: DG), headquartered in Goodlettsville, Tennessee, is a leading discount retailer with over 20,662 stores as of 2025, operating in 48 states. Backed by an investment-grade credit rating of BBB from S&P and Baa2 from Moody’s, the company reported strong financial performance, making it a reliable tenant for investors. Founded in 1939, Dollar General focuses on everyday essentials at low prices, thriving in economic cycles and expanding in high-demand areas like these Pennsylvania communities.