Dollar Tree NNN Property For Sale — Grants Pass, OR
1200 NW 6th St, Grants Pass, OR 97526
This Dollar Tree Center offers a compelling investment opportunity featuring two stable tenants, Dollar Tree and A-1 Market, both with recent lease extensions. Located in Grants Pass, OR, within the growing Medford MSA, the property benefits from strong demographics. Dollar Tree, a Fortune 500 company (NYSE: DLTR) with a corporate guaranty, has been operating at this location since 2001 and recently extended its lease with scheduled rent increases. A-1 Market, a successful convenience store, also recently extended its lease, demonstrating a strong commitment to the site. Both tenants operate on NNN leases, minimizing landlord responsibilities. This asset provides a long-term, stable income stream with built-in rent escalations.
- Address: 1200 NW 6th St, Grants Pass, OR 97526
- Asking price $2.09M
- 7.85% cap rate
- NOI $164,301
- 0.6 years remaining
- NNN lease
- Year built: 1956
- Building size: 16,535 SF
- Lot size: 0.92 acres
- Lease expiration: Apr 30, 2027
- Rent increases: Dollar Tree: 10% rent increases every 5 years; A-1 Market: 7% annual increases
- Guarantor: Corporate
Location
This Dollar Tree property is at 1200 NW 6th St in Grants Pass, Oregon.
Asset type: Retail