CBRE arranges $22.7 million sale of 18 Dollar General stores
A $22.7 million sale put 18 Dollar General stores under Realty Income, but for workers the bigger question is what changes inside the store.
CBRE arranged the $22.7 million sale of 18 fully occupied Dollar General stores across Pennsylvania and Ohio, including one in the Lehigh Valley. The sale does not change the day-to-day work inside the store.
The 18-property portfolio totaled 174,078 square feet and was sold by Miller Bros. Construction Inc. to Realty Income Corp. CBRE brokers Michael Shover and Kevin Franciosi handled the transaction on July 16, 2026. Every store in the package was already occupied by Dollar General, so the buyer acquired a rent-producing portfolio tied to an existing national tenant, not a group of stores in transition.
Dollar General still runs the business inside each store. Staffing, cashier coverage, freight, stocking, pricing, and customer-facing decisions stay with the company’s management structure. The district manager still manages the district, the store manager still runs the store, and hourly workers still answer to Dollar General, not to the new property owner.
What changes is the landlord. Realty Income now owns the real estate interest, while Dollar General remains the tenant in a net-leased deal. The lease governs the split between tenant and landlord responsibilities for the building. The store keeps operating under the same brand and business model. The store stays open, the front-end routine stays familiar, and property-level issues such as maintenance, repairs, or long-term occupancy terms remain tied to the real estate.
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