For Sale
$1,505,824

389 Birch St Pilot Rock, OR 97868

High-yield, net-leased Dollar Store

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
131
Exceptional investment opportunity: a 10,500 square foot, net-leased Family Dollar/Dollar Tree storefront in Pilot Rock, Oregon. Built in 2022, this property boasts a strong 8.50% cap rate and a substantial $127,995 net operating income (NOI). The investment-grade tenant (S&P: BBB) has a lease extending to June 30, 2032, with a $0.50 per square foot rent increase scheduled for July 1, 2027. Seller financing is available. Situated on a 1.7-acre lot at 389 SW Birch St, this property benefits from its location on a primary thoroughfare, serving a community with an average annual household income of $93,400 within a five-mile radius. The property is currently 100% occupied, despite the tenant's announced cessation of operations at this location, with rent payments continuing through the lease term. This presents a compelling value-add opportunity with a corporate guarantee from Family Dollar Stores, Inc. Pilot Rock's economy is anchored by lumber and agriculture, complemented by outdoor recreational opportunities. The property's strategic location and strong tenant covenant make it an attractive investment prospect.

Highlights

  • Investment-grade tenant Dollar Tree (DLTR) occupies this 10,500 SF storefront.
  • S&P-rated BBB tenant offers strong creditworthiness.
  • Seller financing is available.
  • Corporate guarantee from Family Dollar Stores, Inc. secures the lease.
  • Eight years remain on the primary lease term.
  • Building constructed in 2022.

Property Details for 389 Birch St

Property type
Retail properties, Retail space
Square Feet
10,500 SF
Year Built
2022
Lot Size (sq. ft)
74,052 SF

Location Insight

City
Pilot Rock
County
Umatilla
State
Oregon
Latitude
45.4801425
Longitude
-118.8345446

Nearby Comparable

  • For Sale
    $1,363,000

    Blue Mountain Estate: 144 Acres

    Oregon Ranch, Home, Hunting

    44743 Mckay Creek Rd
    Pilot Rock, OR
    View Details
  • For Sale
    $1,195,000

    Pendleton Office Building - High Visibility

    7,256 sq ft office building on 0.68 acres

    1050 Southgate
    Pendleton, OR
    View Details
  • For Sale
    $1,195,000

    Pendleton Medical Office Building

    7,256 SF Medical Office, High Visibility

    1050 Southgate
    Pendleton, OR
    View Details
  • For Sale
    $5,100,000

    Pendleton Motel Investment Opportunity

    92-Key Motel, High NOI, 7.12% Cap Rate

    325 Nye Ave
    Pendleton, OR
    View Details
  • For Sale
    Off market

    Pendleton Warehouse & Yard For Lease

    10,015 SF Warehouse, Enclosed Yard, Great Location

    524 12Th St
    Pendleton, OR
    View Details
  • For Sale
    $499,500

    Pupcakes Building: Pendleton, OR

    Mixed-use building, prime location.

    1901 Court Ave
    Pendleton, OR
    View Details

Nearby Similar for Sale

  • For Sale
    $1,363,000

    Blue Mountain Estate: 144 Acres

    Oregon Ranch, Home, Hunting

    44743 Mckay Creek Rd
    Pilot Rock, OR
    View Details

FAQs

What type of property is this?
Retail property - High-yield, net-leased Dollar Store
Where is the retail property located?
The property is located at 389 Birch St Pilot Rock, OR.
What is the asking price?
The asking price for this property is $1,505,824.
What are key features of this property?
This property features: Investment-grade tenant Dollar Tree (DLTR) occupies this 10,500 SF storefront.; S&P-rated BBB tenant offers strong creditworthiness.; Seller financing is available.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

Randy Blankstein
Randy Blankstein
Jimmy Goodman
Jimmy Goodman
Visit Broker Website

Learn more

Useful Information

Request information

Birch St
Pilot Rock, OR 97868

Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.

Birch St
Pilot Rock, OR 97868

Message sent successfully
Error

Email this Information

Link copied to clipboard
Message sent successfully
Error

Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

389 Birch St
  • Randy Blankstein
    Randy Blankstein
  • Jimmy Goodman
    Jimmy Goodman
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message

Sign Up

Already
a member?
By creating an account, you agree to
the Terms of service and acknowledge Privacy policy.

Just one more step, let’s verify your email

We have sent a verification link to

Please check your inbox to complete the process. Just click on the link in that email to complete your Sign up. If you don’t see it, you may need to check your spam folder.

Email verification link expired

It seems that the verification link has expired. No worries! We can send you a new link to

Log In

Don't have
an account?
Forgot password?

Reset your password

New to
Paperhouses?

Enter the email address associated with your account and we'll send you a link to reset your password.

Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
New to Paperhouses?

Check your email

We've resent password reset instructions to if it is an email on file.

Please check again. If you still haven't received an email, try a different email.

Check your email

Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password. If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.