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Family Dollar | Dollar Tree (DARK) 389 SW Birch St

10,500 SF Retail Building Pilot Rock, OR 97868 $1,505,824 ($143/SF) 8.50% Cap Rate

Investment Highlights

  • Dollar Tree is an investment grade rated tenant (S&P: BBB)
  • Seller financing available
  • $0.50/SF rental escalation on 7/1/2027
  • Corporate guaranty from Family Dollar Stores, Inc.
  • 2022 construction
  • Residents within five miles of the property earn an average annual household income of $93,400

Executive Summary

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Family Dollar Dollar Tree property located in Pilot Rock, Oregon. The property was built in 2022 for Family Dollar Dollar Tree who has a 10-year lease through June 2032. The tenant recently announced they are ceasing operations at this location but will be paying rent through the remainder of the primary term. The parent company, Dollar Tree, is investment grade with a BBB Standard & Poor’s rating. Seller financing is available.
The 10,500 square foot property is positioned along Southwest Birch Street which is the primary thoroughfare through Pilot Rock. The property is surrounded by an active population that earns an average annual household income of $93,400 within five miles. Pilot Rock is home to the Boise Cascade /Kinzua Lumber and pole mill as well as Pilot Rock High School. Pilot Rock’s main industries are lumber and agriculture. The area around Pilot Rock offers hiking, camping, and wildlife viewing opportunities, attracting outdoor enthusiasts year-round.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
Year Built
2022
Price
$1,505,824
Price Per SF
$143
Cap Rate
8.50%
NOI
$127,995
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.70 AC
Zoning
C - Commercial
Parking
5 Spaces (0.48 Spaces per 1,000 SF Leased)
Frontage
140 FT on Southwest Birch Street

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
105048
Land Assessment
$24,680
Improvements Assessment
$60,910
Total Assessment
$85,590
  • Listing ID: 31888734

  • Date on Market: 5/22/2024

  • Last Updated:

  • Address: 389 SW Birch St, Pilot Rock, OR 97868

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