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    408 West Maumee St Adrian, MI 49221

    For Sale
    $1,644,068

    Single tenant Dollar Tree store with long-term lease.

    Property size:
    19,500 SF
    Lot size:
    4.79 Acres

    Property Features for 408 West Maumee St

    General Information

    Size
    19,500 SF
    Lot size
    4.79 Acres

    Source: JMC Management, LLC Agent Christina Rice

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Adrian, MI Dollar Tree Store

    This 19,500 square foot single-tenant Dollar Tree store is located in Adrian, Michigan. The property is subject to a ten-year triple net lease, which minimizes landlord responsibilities. The lease is corporately guaranteed by Family Dollar/Dollar Tree Corporation, which holds a credit rating of "BBB", classified as investment grade. The location has been operating since 2007 and expanded into a full Dollar Tree site in 2023. The property is highly visible and strategically positioned along West Maumee Street in the City of Adrian. Situated on nearly 4 acres of land, the site offers the opportunity for an investor to develop an out-parcel, creating potential upside for a new owner. The tenant has over 9 years remaining on the lease, with four 5-year options. The property features new parking (valued at $750,000), an updated roof, HVAC, plumbing, and electrical systems. Taxes, insurance, and CAM are the tenant's responsibility.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Adrian
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.029702
    Latitude
    41.896885

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    FAQs

    What type of property is this?
    Storefront property - Single tenant Dollar Tree store with long-term lease.
    Where is this storefront property located?
    The property is located at 408 West Maumee St Adrian, MI.
    What is the asking price?
    The asking price for this property is $1,644,068.
    What are key features of this property?
    This property features: - Investment-grade credit rating (BBB) corporate guarantee by Family Dollar/Dollar Tree Corporation.; - Triple Net (NNN) lease structure with minimal landlord responsibilities.; - Approximately 9 years remaining on the initial lease term, plus four 5-year renewal options.
    (313) 586-4500
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    408 West Maumee St Adrian, MI 49221
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    Adrian, MI 49221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    408 West Maumee St Adrian, MI 49221
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