Dollar Tree 628 Palms Ave 10,000 SF Retail Building Ishpeming, MI 49849 $2,726,232 CAD ($272.62 CAD/SF) 7.50% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar Tree located in Ishpeming, Michigan. The property features new construction speci?cally for Dollar Tree’s occupancy and contains a 20-year roof warranty. The store is scheduled to open during the summer of 2025 with a new 10-year lease. This property features a new upgraded prototype with decorative façade. The lease includes four 5-year renewal options with rental escalations at the start of each option. Dollar Tree is an investment-grade tenant, boasting a “BBB” credit rating from Standard & Poor’s.
The 10,000-square-foot building is located along Palms Avenue/US Highway 41, which experiences over 19,000 vehicles per day and is the city’s busiest thoroughfare. Nearby retailers include McDonald’s, Taco Bell, Circle K, Family Dollar, Pizza Hut, Flagstar Bank, Jubilee Foods, Ace Hardware, UP Health System and several others. Notable attractions consist of The US Ski and Snowboard Hall of Fame & Museum and Cliffs Shaft Mine Museum & Iron Ore Heritage Bike Trail Trailhead. The population exceeds 15,000 within a five-mile radius, with an average household income of $83,712.
Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 16,000 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers. Additionally, the company operates stores under the name of Dollar Bills, as well as a multi-price-point variety chain under the Family Dollar banner.