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Dollar General Building 1 Mill Rd 14,341 SF 100% Leased Retail Building Newville, PA 17241 $1,691,000 ($117.91/SF) 7.98% Cap Rate
Investment Highlights
- Recession-resistant tenant lineup: Dollar General, H&R Block, and Diamond Palace Skill Games
- Modern 2013 construction minimizes CapEx exposure for incoming buyer
- Located on Route 233, key connector between I-81 and I-76 with heavy commuter traffic
- H&R Block lease extended through January 31, 2035 with 2.5% annual rent increases
- 86% occupied with 2,009 SF of vacant upside available for incremental income
- 5-mile population of ~11,919; Dollar General ranked 51st nationally per AlphaMap data
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
RM423998, RB068831 (PA)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
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- Professional, Scientific, and Technical Services
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H&R Block was founded in 1955 by brothers Henry and Richard Bloch as a company focused on income tax return preparation. The business has since expanded into tax preparation services, financial products, and small-business solutions, with offerings that include assisted filing, DIY tax tools, and digital banking through Spruce. H&R Block also serves small-business owners through Block Advisors and Wave, which support bookkeeping, payroll, advisory, and payment processing needs. The company continues to pair in-person help with digital services across its tax and financial ecosystem.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Diamond Palace Skill Games | Retailer | - | - | - | ||
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Retailer | - | - | - | ||
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Professional, Scientific, and Technical Services | - | - | - |
Property Taxes
| Parcel Number | 46-07-0481-041 | Improvements Assessment | $614,900 |
| Land Assessment | $81,600 | Total Assessment | $696,500 |
Property Taxes
