Single-Tenant Retail

Dollar Tree | 11% Cash-on-Cash Return | Highest Cap Rate Deal for the Lease Term

408 W Maumee St, Adrian, MI 49221

Listing Price: $1,616,667

Click To Access Offering Memorandum
  • Cap Rate9.00%
  • Building SF19,500
  • Price/SF82.91
  • Year Built / Renovated1961

Investment Highlights

  • 11% Cash-on-Cash Return
  • Highest Cap Rate Deal for the Lease Term
  • 3.83-Acre Lot Providing Outparcel/Value-Add Opportunity for a Future Investor
  • “Dollar Tree Stores, Inc.” Lease Entity | Publicly-Traded (NYSE: DLTR / S&P: BBB) | Largest Small Box Discount Retailer in the U.S.
  • 9 Years Remaining on Double-Net Lease
  • Rent Increases: $0.50/SF in Each Option | (4) 5-Year Options
  • High Visibility on W Maumee Street (6,183 VPD)
  • Regional Education Hub: 1 Mile from Adrian College (1,800 Students) | 1.6 Miles from Siena Heights University (2,100 Students) | 1.8 Miles from Jackson Community College (200 Students)
  • Close proximity to Retail Trade Area Containing Walmart, Lowe’s, Meijer, Dunham’s Sports, & Others
  • 35 Miles Southwest of Ann Arbor | 36 Miles Northwest of Toledo
Lead Agent

Ashish Vakhariya

Senior Managing Director Investments

Lic: MI 6501322501

Darin Gross

Senior Director Investments

Lic: MI 6501384871

Seth Haron

Managing Director Investments

Lic: MI 6501373006

Michigan Broker of Record | Paul Kerber | Two Towne Square, Ste 450 Southfield, MI 48076 | (248) 415-2600 | Lic #: 6502433613