FOR SALE
2035 2ND AVENUE E
ONEONTA, AL 35121
Sale Price:
$1,677,000
Lot Size:
±10,004 SF
Building Size:
±43,560 SF
Year Built:
2016
ABOUT THE PROPERTY
Maher Commercial Realty is 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.
KEY POINTS
Current Annual Base Rent: $130,000 ($10,833.33/month; $13.00/SF)
In-Place cap rate of 7.75%
Lease Structure: Single-Tenant Net Lease
Firm Lease Term Remaining: Extended through April 30, 2031 (5-Year Option Exercised in 2025)
Remaining Renewal Options: Two (2) 5-Year Options (Running through April 30, 2041)
Option Rental Steps: Option 2: $135,000/yr ($13.50/SF); Option 3: $140,000/yr ($14.00/SF)
PROPERTY HIGHLIGHTS
Corporate Investment Grade Credit: Leased directly to Dollar Tree Stores, Inc. (NASDAQ: DLTR), one of the nation’s dominant discount variety retailers with an extensive nationwide foot-print.
Tenant Commitment Demonstrated by Extension: Dollar Tree formally exercised its option to extend the lease term for five additional years through April 30, 2031, reflecting strong store performance and commitment to the site.
Built-In Rent Growth: Features structured rental increases during each remaining 5-year renewal option period ($13.50/SF and $14.00/SF), providing incremental growth and an inflation hedge.
High-Quality 2016 Build: Purpose-built in 2016 with low-maintenance concrete block exterior construction and a durable standing seam metal roof system.
Prime Highway Corridor Location: Situated directly on US Highway 75 (2nd Ave E), the primary commercial thoroughfare serving Oneonta, surrounded by complementary retail, banking, and municipal services.
Intrinsic Real Estate Value: Positioned on a full 1-acre parcel featuring dedicated access, ample customer parking, and standard WB-67 freight truck delivery access.
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