1200 NW 6th St - Storefront FOR SALE


Grants Pass, OR 97526
$1,750,000 USD
206-826-5787
1200 NW 6th St, Grants Pass, OR for Sale
$1,750,000 USD
Storefront - FOR SALE
1/4
null | 9.45% Cap Rate

1200 NW 6th St
Grants Pass, OR 97526


HIGHLIGHTS

  • HIGH-YIELD INVESTMENT | NNN LEASES / MINIMAL LANDLORD RESPONSIBILITIES
  • STRONG RENT GROWTH (9.2%) MARKET
  • DOLLAR TREE STRONG CORPORATE GUARANTEE BY INVESTMENT GRADE TENANT
  • DOLLAR TREE LEASE EXTENSION AND STRONG HISTORICAL OCCUPANCY
  • A-1 MARKET EARLY LEASE EXTENSION WITH 17% RENT INCREASE
  • IDEAL DEMOGRAPHICS | ESSENTIAL, RECESSION PROOF ANCHOR TENANT

OVERVIEW

Marcus & Millichap's Brown Retail Group has been selected exclusively to market for sale Dollar Tree Center, a high-yield two-tenant NNN retail strip located Grants Pass, OR (Medford, OR MSA). The opportunity offers investors a highly attractive 14.07% cash-on-cash return in their first year of ownership. Additionally, Grants Pass retail market rents have increased more than 9.2% over the past three years, per CoStar, offering an investor long-term upside throughout their ownership. Both Dollar Tree and A-1 Market operate on NNN leases, reimbursing the Landlord for their pro-rata share of CAM expenses, insurance, and property taxes. Dollar Tree has been operating at this location since 2001, and exercised a 5-year option in 2022, demonstrating strong commitment to the site. The lease is corporately guaranteed by Dollar Tree, Inc. (NYSE: DLTR), ranked 139 on the Fortune 500 with over 9,000 stores in the US and Canada. A-1 Market exercised its first 5-year option early at a rental rate 17% higher than the previous rent and 2 additional options to extend. Both leases offer rent escalations through their terms, providing an investor a long-term hedge against inflation. Dollar Tree features 10% rent increases every 5 years, and A-1 Market features 1% annual increases. Dollar Tree opened 725 new stores in 2024 and renovated 1,621 existing stores. The A-1 Market lease is guaranteed by the operating entity that operates all 10 of its locations and also features a Personal Guaranty from both owners. The location is ideal for both Dollar Tree and A-1 Market, serving a community of over 54,000 residents within a 5-mile radius, with average household incomes of approximately $70,000.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

9.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree Center | Recent Lease Extensions

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

GC

APN/PARCEL ID

R307960

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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