Dollar Tree Center NNN Property For Sale — Grants Pass, OR
This two-tenant NNN retail center, anchored by Dollar Tree and A-1 Market, is strategically located in the thriving Grants Pass/Medford MSA. Both tenants have recently extended their leases for an additional five years, demonstrating strong commitment to this established location. Dollar Tree has a long operating history at this site since 2001. Dollar Tree features 10% rent increases every five years, and A-1 Market has 1% annual increases. Both tenants operate on NNN leases, minimizing landlord responsibilities. Dollar Tree is a publicly-traded company (NYSE:DLTR) and a Fortune 500 company with over 16,500 stores nationwide, providing a strong corporate guarantee. A-1 Market is a successful regional convenience store chain with 10 locations in Southern Oregon. The property was renovated…
- Asking price $1.80M
- 9.17% cap rate
- NOI $165,060
- 4 years remaining
- NNN lease
Asset type: NNN