Maher Commercial Realty has listed a 10,000-square-foot Dollar Tree in Oneonta, Alabama, featuring an absolute triple-net lease with a 7.75% cap rate and term through 2031.
For a 1031 exchange buyer or passive commercial real estate investor, the structure is worth paying attention to.
Under the absolute NNN lease, the landlord has zero property-level responsibilities, meaning the tenant handles the expenses and obligations typically associated with ownership.
The result is a straightforward investment thesis: corporate-backed tenant, long-term lease income, and limited landlord responsibilities.
Dollar Tree has also reported same-store sales growth for eight consecutive quarters and continues expanding into secondary and rural markets—where higher-yielding NNN opportunities can still be found.
For investors looking to exchange into passive commercial real estate or diversify into single-tenant net lease properties, this is the type of opportunity worth examining.
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