Property Detail

Description

We are pleased to present the exclusive opportunity to acquire a single-tenant NNN retail asset leased to Dollar Tree, with an in-place cap rate of 7.75%. Located at 2035 2nd Avenue East in Oneonta, Blount County, Alabama, this commercial investment features a freestanding 10,004-square-foot single-story building situated on a 1.00-acre lot (43,560 SF). Positioned along State Highway 75 / 2nd Avenue East, the property benefits from strong local traffic and commercial visibility in the heart of Blount County. Originally constructed in 2016, the building features concrete block construction and a standing seam metal roof tailored specifically to Dollar Tree's single-tenant retail layout. The property is occupied under a net lease structure by Dollar Tree Stores, Inc. (NASDAQ: DLTR). In April 2025, Dollar Tree officially exercised its first 5-year renewal option, extending the firm lease term through April 30, 2031, at an annual Base Rent of $130,000 ($10,833.33/month or $13.00/SF). The tenant retains two (2) additional 5-year renewal options extending through April 30, 2041, with structured rental increases at each option period.This single-tenant retail property represents a strategic acquisition for 1031-exchange investors or private real estate portfolios seeking stable, corporate-backed cash flow in an established Alabama submarket. Backed by Dollar Tree's recent lease extension through 2031, the asset offers long-term income predictability with zero initial lease rollover risk. Positioned along State Highway 75, the location captures steady daily vehicular traffic from local residents across Blount County. 2035 2nd Avenue East combines corporate credit strength, steady contractual rental growth, and high-visibility real estate in Oneonta, AL. With Dollar Tree's commitment secured through April 2031 and two additional 5-year renewal options remaining, this property provides investors with passive income and durable wealth preservation.