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Investment Highlights

  • Single-tenant Dollar General absolute net lease investment
  • Absolute NNN lease – zero landlord responsibilities
  • BBB credit-rated tenant with corporate guarantee

Executive Summary

Marcus & Millichap is pleased to exclusively present the opportunity to acquire the fee-simple interest in a single-tenant Dollar General located at 412 US-101,
Rockaway Beach, Oregon 97136. The property is leased to Dollar General Corporation, a BBB credit-rated tenant, offering investors secure, long-term income
backed by a nationally recognized, necessity-based retailer.
The freestanding retail building was constructed in 2018 and is subject to an absolute triple-net (NNN) lease with a corporate guarantee, providing passive
ownership with zero landlord responsibilities. The lease commenced on March 26, 2018, and expires on March 31, 2033, offering approximately 7+ years of
remaining primary term.
The lease features 10 percent rent increases and includes three (3), five-year renewal options, providing strong contractual rent growth and long-term residual
value. Dollar General’s business model focuses on value-oriented consumers and essential goods, making it a historically recession-resistant retailer well
positioned across economic cycles.
This offering represents an opportunity to acquire a modern, credit-tenant net lease asset in a coastal Oregon market with predictable cash flow, built-in rent
escalations, and long-term lease security.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2018
Price
$2,658,471 CAD
Price Per SF
$294.53 CAD
Cap Rate
7%
NOI
$186,093 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Somewhat walkable
20/100
Very drivable
80/100
Minimal public transit
10/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
R0033261
Land Assessment
$461,842 CAD
Improvements Assessment
$2,073,060 CAD
Total Assessment
$2,534,902 CAD
  • Listing ID: 39432982

  • Date on Market: 2026-02-13

  • Last Updated:

  • Address: 412 Highway 101 N, Rockaway Beach, OR 97136

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