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Single Tenant Net Lease Dollar Tree 408 W Maumee St 19,500 SF 53% Leased Retail Building Adrian, MI 49221 $1,616,667 ($82.91/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- 2024 Renovation: New Parking Lot, HVAC, Plumbing, and Electrical Systems
- 9 Years Remaining on Double-Net Lease with Rent Increases: $0.50/SF in Each Option (4) 5-Year Options.
- Highest Cap Rate for the Lease Term
- “Dollar Tree Stores, Inc.” Lease Entity Publicly-Traded (NYSE: DLTR / S&P: BBB) Largest Small Box Discount Retailer in the U.S.
- High Visibility on W Maumee Street (6,183 VPD) with Close proximity to Retail Trade Area Containing Walmart, Lowe’s, Meijer, Dunham’s Sports, & Others
- 11% Cash-on-Cash Return
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
AMENITIES
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Big, clean retail box right next to Dollar Tree—aka built-in foot traffic. This 9,126 SF space sits along W Maumee Street with strong visibility, easy access, and shared parking. Open layout makes it flexible for retail, discount, fitness, showroom, or service users. Solid co-tenancy, steady traffic, and a straightforward move-in opportunity in a proven corridor. Plug in and go.
| Space | Size | Space Use | Position | Available |
| 408 | 9,126 SF | Retail | - | Jan 2026 |
408
| Size |
| 9,126 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Jan 2026 |
408
| Size | 9,126 SF |
| Space Use | Retail |
| Position | - |
| Available | Jan 2026 |
Big, clean retail box right next to Dollar Tree—aka built-in foot traffic. This 9,126 SF space sits along W Maumee Street with strong visibility, easy access, and shared parking. Open layout makes it flexible for retail, discount, fitness, showroom, or service users. Solid co-tenancy, steady traffic, and a straightforward move-in opportunity in a proven corridor. Plug in and go.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | XA0-325-0028-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $459,600 |
PROPERTY TAXES
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Single Tenant Net Lease Dollar Tree | 408 W Maumee St
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