2-Unit Dollar General Center

Highlights:

• EARLY 5-YEAR RENEWAL OFFER - Dollar General has extended the Seller an offer to exercise an early 5-year lease renewal through November 30, 2030, demonstrating the tenant’s ongoing commitment to the location. *Contact Broker for Details*
• STRONG DEMOGRAPHICS - The area boasts a growing population of approximately 51,478 as of July 2023, with a median household income of $50,457, supporting strong consumer demand for retail establishments like Dollar General.
• EXCELLENT LOCATION - Middletown, OH is located roughly 20 miles south of Dayton (city population of 135,512), 35 miles north of Cincinnati (the third-most populous city in Ohio with a city population of 309,317) and 90 miles southwest of Columbus (the capital and most populous city in Ohio with a population of 906,528).
• HIGH VISIBILITY AND ACCESSIBILITY - Situated on a well-traveled road, the property offers excellent visibility and easy access, attracting a strong customer base. Dollar General sees over 15,000 vehicles per day from Trenton Franklin Rd and Germantown Rd.
• BRAND NEW ROOF INSTALLED - The landlord recently invested in a new roof installation, enhancing the property's structural integrity and reducing potential maintenance costs for years to come.
• VALUE-ADD OPPORTUNITY – The property features 6,914 SF of available space in the rear, presenting an excellent opportunity for a new owner to lease to a second tenant and generate additional rental income. This flexibility enhances the property's investment potential, allowing for increased cash flow and greater overall returns.
• NATIONALLY RECOGNIZED TENANT - Dollar General is the largest “Small Box” retailer in the nation. Dollar General has been in business since 1939 with over 20,000+ locations Nationwide. NYSE: DG Investment Grade "BBB" rating.

Description:

Prime Net Lease is pleased to present this 17,500 SF two-unit retail center in Middletown, OH, anchored by Dollar General with 6,914 SF of available space, offering a compelling value-add opportunity. The 6,914 SF vacant space in the rear of the property presents a valuable opportunity for an investor to generate additional income by leasing to a complementary tenant, enhancing the overall cash flow and increasing property value. Dollar General, occupying 10,586 SF, has successfully operated at this location since 2010 and shown signs of exercising an early 5-year lease extension, securing its commitment through November 30, 2030 (Contact Broker for Details). This extension reflects Dollar General’s strong performance and ongoing dedication to this well-established location. The Dollar General lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, classified as Investment Grade.

This center is strategically positioned in Middletown, Ohio. Middletown, Ohio, is a city with a rich industrial history located between Cincinnati and Dayton. Known for its steel industry legacy, the city now embraces diversity and offers a vibrant community with arts, culture, and recreational activities. With a mix of parks and green spaces, residents can enjoy outdoor pursuits, while educational opportunities, local events, and economic growth contribute to a well-rounded lifestyle. Middletown's central location provides easy access to major highways, ensuring connectivity to nearby cities. Situated on a well-traveled road, the property benefits from excellent visibility and accessibility, with over 15,000 vehicles per day passing by on Trenton Franklin Rd and Germantown Rd. Middletown’s strategic location between major cities—20 miles south of Dayton, 35 miles north of Cincinnati, and 90 miles southwest of Columbus—makes it an ideal hub for retail activity, attracting a steady customer base.

This property is an ideal opportunity for a 1031 exchange buyer or investor seeking a stable, income-producing asset with minimal landlord responsibilities and a proven, investment-grade tenant. With Dollar General’s long-term commitment through November 2030, this investment offers stability with built-in upside potential, allowing for future tenant placement in a well-established retail center.

Middletown, OH – A Strategically Positioned City Between Two Major Metros

Location & Accessibility
Middletown, Ohio is located in southwestern Ohio, ideally situated between Cincinnati (35 miles south) and Dayton (24 miles north) along Interstate 75, one of the most heavily traveled transportation corridors in the Midwest. This prime location provides businesses with direct access to over 3 million people across two metro areas, as well as proximity to key logistics hubs, workforce talent, and expansive consumer bases. With easy access to both Cincinnati’s 2.2 million–strong metro and Dayton’s 800,000+ metro population, Middletown offers a uniquely connected environment for commerce and development.

City Overview – Middletown, OH
Home to approximately 50,000 residents, Middletown blends urban convenience and suburban affordability, appealing to professionals, families, and retirees. The city continues to evolve from its industrial roots into a diversified economy supported by healthcare, education, logistics, and retail. With a median household income of approximately $51,000, the area supports steady consumer activity and retail performance. Within a 30-mile radius, the regional population exceeds 1 million, providing businesses with broad market reach.

Economic Drivers & Infrastructure
Middletown’s economy remains anchored by its manufacturing heritage, led by companies such as AK Steel (now Cleveland-Cliffs), while diversifying into other sectors like healthcare, with Atrium Medical Center serving as a major employer and regional medical hub. The city's location along the I-75 distribution corridor continues to attract logistics and supply chain operators, drawn by its transportation efficiency and workforce availability. Educational institutions such as Miami University (Oxford) and the University of Dayton further support the labor market and regional stability.

Retail & Development Growth
Middletown features a well-established retail sector, including Towne Mall Galleria, and benefits from high traffic visibility off I-75. Ongoing infrastructure improvements and redevelopment efforts are fueling investment interest, with new businesses and commercial projects reinforcing the city’s forward momentum.

Conclusion
Middletown, OH presents a compelling case for investment, with its strategic location between two major metro areas, diversified economy, and ongoing revitalization efforts. Its combination of affordability, accessibility, and infrastructure positions it as a desirable destination for retail, healthcare, and industrial growth, with long-term potential for both investors and end users seeking a foothold in one of the Midwest’s most connected corridors.