1112 E Main St - Freestanding FOR SALE


Othello, WA 99344
$1,520,069 USD
509-966-3800
1112 E Main St, Othello, WA for Sale
$1,520,069 USD
Freestanding - FOR SALE
1/9
null | 7.25% Cap Rate

1112 E Main St
Othello, WA 99344


HIGHLIGHTS

  • Highest advertised cap rate of any Dollar Tree currently on the market in the Pacific Northwest.
  • Corporate lease to Dollar Trees Stores, Inc.
  • Below market rent at $11.85/SF, NN, and two renewal terms remaining.
  • Originally built-to-suit for Dollar Tree in 2017 who recently exercised its first renewal option through March 31, 2032.
  • Landlord is responsible for structural, roof, fire sprinkler system, parking lot, HVAC replacement, pylon sign and landscaping.
  • Advertised NOI is reflective of scheduled rent increase effective as of April 1, 2027. Seller will make up any shortfall if closed prior to April 1.

OVERVIEW

THIS OFFERING is for the opportunity to purchase a single-tenant NN corporate leased Dollar Tree at what is currently the highest advertised capitalization rate for any Dollar Tree being marketed in the Pacific Northwest. Originally built-to-suit for Dollar Tree on a 10-year term who recently exercised their first renewal option through March 31, 2032, the property is located on Othello’s primary commercial arterial and is within an established value/grocery retail submarket area providing the synergy Dollar Tree thrives on via a Walmart Supercenter nearby and Harvest Foods grocer across the street. This is a busy and vibrant store servicing the type of tertiary market Dollar Tree excels in.

FOR SALE DETAILS

PRICE

$1,520,069 USD

PRICE/SF

$163 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,251 SF

ZONING

C-2

APN/PARCEL ID

1529030715602

ASK ABOUT THIS PROPERTY

Bill AlmonAlmon Commercial Real EstateMore Info
509-966-3800

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Bill AlmonAlmon Commercial Real EstateMore Info
509-966-3800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.