Dollar Tree
Retail Property For Sale
Marketing description
Dollar Tree presents an exceptional net-leased retail investment opportunity at 408 West Maumee Street, Adrian, MI 49221. This 19,500 SF store sits on 3.83 acres and was renovated in 2024, offering investors a stabilized asset backed by a full corporate guarantee from Dollar Tree Stores, Inc.
The property features approximately 9 years of remaining term on a Double Net (NN) lease, generating $145,500 in NOI, with four 5-year renewal options and built-in rent increases of $0.50/SF at each option. Tenant responsibilities include taxes, CAM, and insurance, providing durable income with limited landlord obligations. Strategically located along West Maumee Street with exposure to 8,300+ vehicles per day and convenient access to US Highway 223 with 13,200+ vehicles per day, the site benefits from strong regional connectivity.
The property is also positioned just 1 mile from Adrian College and near Siena Heights University, drawing from a steady student and residential population base. Surrounded by national and regional retailers, this offering combines credit tenancy, long-term lease security, and a well-trafficked location in the heart of Adrian.
Investment highlights
- Store converted to Dollar Tree with Full Corporate Guarantee | (4) 5 Year options remaining
- Located near retailers such as Huntington Bank, The Salvation Army, Subway, Great Lakes Ace Hardware Store and many more
- Dollar Tree is located 1 mile from Adrian College | Enrolls 1,900+ students per year
- Near Siena Heights University | Private, Catholic university on 140 Acres | 1.5 Miles from subject property
- West Maumee St averages 8,300+ vehicles per day
- Average household income is $76,990 within a 9 mile radius
- Easily accessible from W US HWY 223 averaging 13,200+ vehicles per day
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
