- For Sale $1,520,069
- Property Type Retail - Street Retail
- Property Size 9,300 SF
- Lot Size 0.83 Acre
- Property Tenancy Single Tenant
- Building Class B
- Year Built 2016
- Date Updated Sep 25, 2026
Description
THIS OFFERING is for the opportunity to purchase a single-tenant NN corporate leased Dollar Tree at what is currently the highest advertised capitalization rate for any Dollar Tree being marketed in the Pacific Northwest.
Originally built-to-suit for Dollar Tree on a 10-year term who recently exercised their first renewal option through March 31, 2032, the property is located on Othello’s primary commercial arterial and is within an established value/grocery retail submarket area providing the synergy Dollar Tree thrives on via a Walmart Supercenter nearby and Harvest Foods grocer across the street.
This is a busy and vibrant store servicing the type of tertiary market Dollar Tree excels in.
Highlights
- Advertised NOI is reflective of scheduled rent increase effective as of April 1, 2027. In the event closing occurs prior to April 1, 2027, seller will make up for the short fall.
- Below market rent at $11.85/SF, NN, and two renewal terms remaining.
- Corporate lease to Dollar Trees Stores, Inc.
- Highest advertised cap rate of any Dollar Tree currently on the market in the Pacific Northwest.
- Landlord is responsible for structural, roof, fire sprinkler system, parking lot, HVAC replacement, pylon sign and landscaping.
- Originally built-to-suit for Dollar Tree in 2017 who recently exercised its first renewal option through March 31, 2032.
- Strong location on Main St with a busy, vibrant store.
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Contacts
Bill Almon, Jr.
Almon Commercial Real Estate
Location
Contact Listing Broker
Bill Almon, Jr.
Almon Commercial Real Estate
