SINGLE TENANT DOLLAR TREE NNN INVESTMENT
408 West Maumee Street Adrian, MI 49221
Overview
JMC Management LLC is pleased to present this 19,500 SF Single Tenant Dollar Tree store located in Adrian, MI. The property is encumbered with a ten year conventional triple net lease, leaving little to no landlord responsibility. The lease is corporately guaranteed by Family Dollar/ Dollar Tree Corporation which holds a credit rating of "BBB" which is classified as investment grade.
The location has been here since 2007 and expanded into a full Dollar Tree site in 2023 and is highly visible as it is strategically positioned along W Maumee Street in the City of Adrian. Sitting on nearly 4 acres of land, there is also an opportunity for an investor to do an out-parcel at the site, creating some major upside for a new owner.
Tenant has 9 plus years left on lease with 4 - 5 year options. Brand new parking ($750,000 value). Updated roof, HVAC, plumbing and electrical.
Taxes, Insurance & CAM are all Tenant Responsibilities
For Sale
Secondary Uses: Free Standing
- Sale Price
- $1,644,068
- Price Per SF
- $84.3/SF
- Building Size
- 19,500 SF
- Acres
- 4.79 ac
- Zoning
- B-4; SHOPPING CENTER
- Gross Income
- $145,500
- Former Tenant
- Dollar Tree
- Signage
- On Building
- Showing Instructions
- Contact Broker
- Max Contiguous
- 19,500
- Number of Buildings
- 1
- Floors
- 1
- Year Renovated
- 2023
- Construction Siding
- Brick
- Construction Type
- Masonry
- Parking Spaces
- 244
- Sprinklers
- Other
- Rentable SF
- 19,500
- Nearest MSA
- Adrian
- Property Status
- Existing
- Dock Number
- 1
- Drive-In Number
- 1
- Natural Gas Provider
- Private - Consumers
- County
- Lenawee
- Available
- 2025-02-28
- Created
- 2025-02-28
- Updated
- 2025-03-19
- Listing ID
- 2e95fa4a
- Parcel APN
- XA0-325-0028-01