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.