6535 Paw Paw Ave - Freestanding FOR SALE


Coloma, MI 49038
$1,169,000 USD
949-412-1616
6535 Paw Paw Ave, Coloma, MI for Sale
$1,169,000 USD
Freestanding - FOR SALE
1/5
null | 7.65% Cap Rate

6535 Paw Paw Ave
Coloma, MI 49038


HIGHLIGHTS

  • BBB CREDIT TENANT – DOLLAR TREE (NASDAQ:DLTR)
  • NEW, LONG TERM 10-YEAR BUILDING LEASE WITH 4 (5-YEAR) OPTIONS TO RENEW
  • PREMIUM 2026 RETROFIT – COMPREHENSIVE DOLLAR TREE CONVERSION
  • DOLLAR TREE PAYING BELOW MARKET RENT ($8PSF/YEAR) & LOW COST PSF INVESTMENT ($105/SF)
  • LAND & BUILDING OWNERSHIP – TAX DEPRECIATION BENEFITS / 1.96 ACRES
  • CO-TENANTS: HARDINGS MARKET, PIZZA HUT, FIFTH THIRD BANK BIGGBY COFFEE & COREWELL HEALTH

OVERVIEW

Michigan Broker of Record: James Stokas License No. 6505308073 Faris Lee Investments is pleased to present the opportunity to acquire a single-tenant national credit retail asset featuring Dollar Tree, strategically positioned within the primary regional trade area hub of Coloma, Michigan. The property is ideally located along a dominant commercial corridor, drawing consistent regional traffic alongside high-volume national co-tenants such as Harding’s Market, Pizza Hut, Biggby Coffee, and Corewell Health. Dollar Tree (NASDAQ: DLTR) commands an investment-grade credit rating (S&P: BBB) and outstanding corporate strength, posting over $19.4 billion in annual revenue for 2025, a 10.4% year-over-year increase. This high-performing retail concept serves as an essential staple for the immediate area and captures a vast, multi-city consumer base across surrounding Western Michigan communities. The tenant has demonstrated a long-term commitment to this location through a brand-new,10-year corporate lease featuring 4, (5-year) renewal options, which provides an incoming investor with absolute cash-flow predictability and provides long-term income stability. Further solidifying its long-term presence and driving increased sales volume, the property underwent a comprehensive 2026 physical rehabilitation to implement Dollar Tree’s latest prototypical facility design. This extensive capital investment featured an upgraded roof and full common area improvements, ensuring the facility demonstrates a top-tier destination. This brand-new renovation and long-term lease underscore corporate confidence in the site while providing a secure, predictable, and entirely passive income stream for the investor. Ownership interest encompasses fee simple title to both the land and the building, offering long-term intrinsic value and substantial tax advantages. Priced significantly below its replacement cost at an incredibly low cost basis of just $105 per square foot, the investment offers an exceptional layer of downside protection and long-term asset stability. Because the property features a comprehensive 2026 rehabilitation, it offers true ease of ownership, eliminates near-term capital expenditure burdens, and allows the buyer to maximize tax mitigation strategies through Cost Segregation and accelerated depreciation. This represents an exceptional, risk-averse opportunity for passive 1031 exchange buyers looking for a high-quality, stable cash-flow vehicle backed by an investment-grade corporate guaranty.

FOR SALE DETAILS

PRICE

$1,169,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Dollar Tree \ BBB Credit\ 10 YR NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

C-1

APN/PARCEL ID

11-08-0021-0025-03-2

ASK ABOUT THIS PROPERTY

Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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