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    New Dollar General PLUS Prototype Title is generated by Realmo AI

    549 E Main St, New Lebanon, OH

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    New Dollar General PLUS prototype in New Lebanon, Ohio.

    Type:RETAIL
    Property size:
    10,566 SF
    Lot size:
    1.48 Acres
    Price / SF:
    $165/SF
    Added:
    Aug 19, 2025
    Days on Market:
    295
    Last Refresh:
    May 19 at 10:55 pm

    Property Features for 549 E Main St

    General Information

    Standard status
    Active
    Size
    10,566 SF
    Lot size
    1.48 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Josh Bishop
    Josh Bishop

    Listing agent Josh Bishop

    Listing office Matthews Real Estate Investment Services | Dallas

    Listing date Aug 19, 2025

    Source Moodyscre

    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 Matthews Real Estate Investment Services | Dallas

    HighLights

    • 15‑year absolute NNN lease (commencement of December 2023)
    • 2023 build‑to‑suit construction for Dollar General
    • Larger Dollar General PLUS prototype (10,566 SF building)
    • 5% rental increases every 5‑years for the life of the lease
    • Zero landlord management responsibilities
    • Population of 212,623 residents within a 10‑mile radius

    Overview

    This property features a Dollar General PLUS prototype, constructed as a build-to-suit in 2023. The building spans 10,566 square feet. It is located in New Lebanon, Ohio, approximately 10 miles west of Dayton, within a 10-mile radius of 212,623 residents. The property is subject to a 15-year absolute NNN lease, which commenced in December 2023. The lease includes 5% rental increases every five years for the life of the lease, and stipulates zero landlord management responsibilities.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $190.2k $18.00
    − Vacancy −$14.6k −$1.39
    EGI $175.5k $16.61
    − OpEx −$43.9k −$4.15
    NOI $131.7k $12.46
    10,566 SF · lease $18.00/SF/yr · vacancy 7.70% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.88M
    $1.65M – $2.19M (±1% cap)
    NOI $131,658 @ 7.0% cap · market cap 7.55%
    Second Best
    Retail
    $1.76M
    $1.54M – $2.05M (±1% cap)
    NOI $122,880 @ 7.0% cap · market cap 7.04%
    Theoretical Best
    Multifamily LT 5
    $99.93M
    $87.44M – $116.59M (±1% cap)
    NOI $6,995,400 @ 7.0% cap · market cap 401.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar general Grocery & Convenience Store

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Lebanon
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.3962
    Latitude
    39.7459

    FAQs

    What type of property is this?
    Grocery and convenience store - New Dollar General PLUS prototype in New Lebanon, Ohio.
    Where is this grocery and convenience store located?
    The property is located at 549 E Main St New Lebanon, OH.
    What is the asking price?
    The asking price for this property is $1,744,439.
    What are key features of this property?
    This property features: 15‑year absolute NNN lease (commencement of December 2023); **2023 build‑to‑suit construction for Dollar General**; **Larger Dollar General PLUS prototype (10,566 SF building)**
    (315) 730-6228 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Josh Bishop
    Josh Bishop
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