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