Dollar General Absolute NNN
For Sale
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2345 Biglerville Rd, Gettysburg, PA 17325
Newly built retail asset with a long-term absolute NNN lease and corporate guaranty.
Property Size10,640 SF
Price / SF$213.85
Days on Market54
Property Features for 2345 Biglerville Rd
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$147,900
Building Details
Year Built
2025
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Foundry Real Estate Development
Listed By:
Brendan Eisenbrandt · License #PA RS330265
Source:
Crexi
Added: Jul 29
Changed: Sep 15
Last Checked: Sep 20 at 7:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Foundry Real Estate Development
Investment Insights
Based on property information with market context.
This 10,640-square-foot Dollar General property was built in 2025 and opened in October 2025. The lease is structured as absolute NNN, providing a 15-year primary term, 5% rental escalations every five years, and zero landlord responsibilities. Dollar General Corporation provides a BBB (S&P) corporate guaranty.
The property is located at 2345 Biglerville Rd in Gettysburg, Pennsylvania, along Route 34. Biglerville Road connects Gettysburg Borough with Adams County’s fruit-growing area and serves resident and visitor traffic. The surrounding Gettysburg MSA includes more than 100,000 people, while Gettysburg National Military Park draws an estimated 3.7 million visitors annually.
The offering combines a newly constructed retail building with a long-duration lease, scheduled rental growth, and an absolute NNN expense structure.
The property is located at 2345 Biglerville Rd in Gettysburg, Pennsylvania, along Route 34. Biglerville Road connects Gettysburg Borough with Adams County’s fruit-growing area and serves resident and visitor traffic. The surrounding Gettysburg MSA includes more than 100,000 people, while Gettysburg National Military Park draws an estimated 3.7 million visitors annually.
The offering combines a newly constructed retail building with a long-duration lease, scheduled rental growth, and an absolute NNN expense structure.
Key Highlights
- 10,640‑square‑foot Dollar General property built in 2025
- Absolute NNN lease with zero landlord responsibilities
- 15‑year primary lease term
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$137,176
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,743,520
$2.7M
Cap Rate 7%
$1,959,657
$2.0M
Cap Rate 9%
$1,524,178
$1.5M
Market Conditions
NOI Build-Up for 10,640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$191.5K $18.00/SF
− Vacancy
−$8.6K −$0.81/SF
EGI
$182.9K $17.19/SF
− OpEx
−$45.7K −$4.30/SF
NOI
$137.2K $12.89/SF
Area
Adams County, PA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,743,520
Cap Rate 7%
$1,959,657
Cap Rate 9%
$1,524,178
Alternative Uses
Best Use
Specialty Retail
$1.96M
$1.71M – $2.29M
NOI $137,176 @ 7.0% cap · market cap 6.03%
Second Best
Retail
$1.52M
$1.33M – $1.78M
NOI $106,693 @ 7.0% cap · market cap 4.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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Business Placement
Demographics for 17325, PA
27,879
Population
12,021
Households
2.3
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
221
Density / Sq Mi
$79,351
Median Household Income
$32,633
Median Earnings
$956
Median Rent
$278,800
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Newly built retail asset with a long-term absolute NNN lease and corporate guaranty.
Where is this nnn property located?
The property is located at 2345 Biglerville Rd Gettysburg, PA.
What is the asking price?
The asking price for this property is $2,275,385.
What are key features of this property?
This property features: 10,640‑square‑foot Dollar General property built in 2025; Absolute NNN lease with zero landlord responsibilities; 15‑year primary lease term
