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Dollar Tree 201 Short N

10,637 SF Retail Building Vale, OR 97918 $2,385,000 ($224/SF) 6.25% Cap Rate

Investment Highlights

  • Dollar Tree signed a new 10-year lease, with limited Landlord responsibilities (10 Year roof warranty included)and four (4) - 5 year options to renew
  • Large Land Parcel - property sits on 40,000 SF of land with tremendous visibility and accessibility to Washington Street (Central Oregon Highway)
  • Recently completed 2024 construction built to Dollar Tree's new prototype store format
  • Dollar Tree signed a firm 10-year term with no cancellations or kick-out provisions and scheduled rental increases at each option period

Executive Summary

Dollar Tree signed a new 10-year lease, with limited Landlord responsibilities, and has 4 - 5 year options to renew. Dollar Tree has over 16,000 stores and 2023 revenue exceeded $28 Billion. Construction on this building was completed in 2024 ad built to Dollar Tree's new prototype store format. The cross-street, Washington Street (Hwy 26), is the primary commercial thoroughfare that runs through the heat of Vale, central Oregon and Western Idaho.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,637 SF
Year Built
2024
Price
$2,385,000
Price Per SF
$224
Cap Rate
6.25%
NOI
$149,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Land Acres
0.92 AC
Zoning
Vale Commercial
Parking
35 Spaces (3.29 Spaces per 1,000 SF Leased)

Amenities

  • Corner Lot
  • Signage
  • Skylights
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4763
Land Assessment
$27,404
Improvements Assessment
$0
Total Assessment
$27,404
  • Listing ID: 32911858

  • Date on Market: 8/21/2024

  • Last Updated:

  • Address: 201 Short N, Vale, OR 97918

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