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Dollar General Absolute NNN Lease 601 Main St 6,775 SF Retail Building Nyssa, OR 97913 $2,207,610 ($325.85/SF) 6.15% Cap Rate
Investment Highlights
- Long Term Absolute NNN Lease
- Dollar General Corporate Guarantee
- Positioned in the Treasure Valley Region Approximately 50 Miles Northwest of Boise
- Zero Landlord Obligations
- Strategic Location with Direct Frontage on U.S. Highway 20 and 26
- Scheduled Increases in Rent
Executive Summary
This is an opportunity to acquire a Dollar General property in Nyssa, Oregon, backed by a 15-year Absolute NNN lease. The lease started in January 2022 and requires the tenant to cover taxes, insurance, and maintenance, giving the landlord a truly hands-off investment. The property currently produces $135,786 in Net Operating Income, offering steady, passive cash flow. The lease also includes rental during the three, 5 year option periods.
The store sits directly on Main Street along the U.S. Highway 20 and U.S. Highway 26 corridor, giving it excellent visibility and easy access. It’s positioned on the main commercial route through town, capturing both local traffic and commuters traveling through the area. Nyssa is an established agricultural community about 50 miles northwest of Boise, which helps support consistent retail demand.
The store sits directly on Main Street along the U.S. Highway 20 and U.S. Highway 26 corridor, giving it excellent visibility and easy access. It’s positioned on the main commercial route through town, capturing both local traffic and commuters traveling through the area. Nyssa is an established agricultural community about 50 miles northwest of Boise, which helps support consistent retail demand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,775 SF
Building Class
B
Year Built
2021
Price
$2,207,610
Price Per SF
$325.85
Cap Rate
6.15%
NOI
$135,768
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
N-C
Property Taxes
| Parcel Number | 4322 | Improvements Assessment | $670,849 |
| Land Assessment | $31,706 | Total Assessment | $702,555 |
Property Taxes
Parcel Number
4322
Land Assessment
$31,706
Improvements Assessment
$670,849
Total Assessment
$702,555
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Dollar General Absolute NNN Lease | 601 Main St
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