412 Highway 101 N - Freestanding FOR SALE


Rockaway Beach, OR 97136
$1,911,771 USD
562-257-1200
412 Highway 101 N, Rockaway Beach, OR for Sale
$1,911,771 USD
Freestanding - FOR SALE
1/1
null | 7% Cap Rate

412 Highway 101 N
Rockaway Beach, OR 97136


HIGHLIGHTS

  • Single-tenant Dollar General absolute net lease investment
  • BBB credit-rated tenant with corporate guarantee
  • Absolute NNN lease – zero landlord responsibilities

OVERVIEW

Marcus & Millichap is pleased to exclusively present the opportunity to acquire the fee-simple interest in a single-tenant Dollar General located at 412 US-101, Rockaway Beach, Oregon 97136. The property is leased to Dollar General Corporation, a BBB credit-rated tenant, offering investors secure, long-term income backed by a nationally recognized, necessity-based retailer. The freestanding retail building was constructed in 2018 and is subject to an absolute triple-net (NNN) lease with a corporate guarantee, providing passive ownership with zero landlord responsibilities. The lease commenced on March 26, 2018, and expires on March 31, 2033, offering approximately 7+ years of remaining primary term. The lease features 10 percent rent increases and includes three (3), five-year renewal options, providing strong contractual rent growth and long-term residual value. Dollar General’s business model focuses on value-oriented consumers and essential goods, making it a historically recession-resistant retailer well positioned across economic cycles. This offering represents an opportunity to acquire a modern, credit-tenant net lease asset in a coastal Oregon market with predictable cash flow, built-in rent escalations, and long-term lease security.

FOR SALE DETAILS

PRICE

$1,911,771 USD

PRICE/SF

$212 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C-1

APN/PARCEL ID

R0033261

ASK ABOUT THIS PROPERTY

Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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