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34190110
34190111

6535 Paw Paw Ave, Coloma, MI 49038

JC
CA 01008195
Faris Lee Investments
SD
CA 01889050, FL BK 3421401 (+2)
Faris Lee Investments
GL
01036131
Faris Lee Investments
Listed by Faris Lee Investments
$1,169,000
0 days on market
Updated 0 days ago

Dollar Tree - 6535 Paw Paw Ave

Details
APN 08-0021-0025-03-2
Property Type Retail
Sub Type Convenience Store
Square Footage 11,180
Cap Rate 7.65%
NOI $89,440
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 06/25/2036
Rent Bumps Yes
Lease Options 4 (5-year) renewal options
Price per SqFt $105
Class B
Year Built 2005
Year Renovated 2026
Buildings 1
Acreage 1.920
Zoning C-1
Parking Spaces 52 spaces
Parking per 1,000 SqFt 4.65
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/25/2026
Ownership Fee Simple (Land & Building)

Retail | 7.65% CAP | 11,180 SqFt

Marketing description

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.

Investment highlights

  • Dollar Tree is a publicly traded, investment grade national retailer (S&P BBB)
  • Annual revenue for 2025 was in excess of $19.4B 10.4% increase from 2024 revenue
  • Operates over 9,000 stores in 48 U.S. states and Canada
  • Dollar Tree employs approximately 150,000 people with a Market Cap in excess of $23B (June, 2026)
  • Long term stability and security for the investor
  • Provides Land and Building ownership for buyer
  • Investment provides tax benefits through depreciation and cost segregation
  • Rehabilitation of existing building with upgraded roof and common area improvements
  • The retrofit allows for increased inventory volume
  • Intrinsic real estate value
  • Property acquisition is well below replacement cost
  • Provides investor with intrinsic real estate value
  • Current rent is only $8PSF/year with comparable retail rents well over $12PSF/year
  • Investment provides for both land & building ownership for the investor
  • Cost Segregation provides for tax benefits through depreciation
  • Strong cash flow generating investment
  • Ideal for 1031 exchange
  • Property strategically located within Coloma to serve Western Michigan trade area
  • Serves as a vital retail destination for Coloma and surrounding lakeside communities, including Watervliet, Hagar Shores, Riverside, Hartford, and Benton Harbor
  • Immediate co-tenancy includes regional and national anchors like Harding's Market, Fifth Third Bank, McDonalds, Pizza Hut, Corewell Health, and Biggby Coffee

Listing Contacts

JC
CA 01008195
Faris Lee Investments
SD
CA 01889050, FL BK 3421401 (+2)
Faris Lee Investments
GL
01036131
Faris Lee Investments
Listed by Faris Lee Investments

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$89,440.00
$7,453.33/mo

Valuation Metrics

0
DSCR
7.65%
Cap Rate
7.65%
ROI

Map

Zoning

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C CommercialGeneral CommercialCommercial District
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Last updated Apr 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
James Stokas
License
6505308073
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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