2035 2nd Avenue E, Oneonta, AL 35121
Description
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 Features:
- List Price: $1,677,000
- Building Size: +/-10,004 Sq.Ft.
- Land Area: +/-43,560 Sq.Ft.
- Year Built: 2016
- Cap Rate: 7.75%
- Gross Monthly Income: $10,833
Address
-
Address 2035 2nd Avenue E, Oneonta, AL
-
Country United States
-
Postal code/ZIP 35121
Get Directions
Contact
Arian Zerehi
Property Agent
Arian Zerehi is an Investment Associate at Maher Commercial, specializing in the acquisition and disposition of multifamily properties, gas stations, and car washes across Southern California. With a strong foundation in Commercial Real Estate, Real Estate Development, and Real Estate Syndication, Arian leverages his in-depth industry knowledge to deliver optimal results for both buyers and sellers. Arian brings a strategic, client-first approach to every transaction, guiding clients through the complexities of buying, selling, or exchanging investment real estate. His success stems from a deep understanding of market dynamics, an ability to negotiate favorable terms, and an unwavering commitment to protecting his clients’ interests. He holds a dual degree in Real Estate Development and Business Administration from the University of Southern California and is a licensed Chevron, Shell, and Mobil dealer. Arian is also well-versed in Delaware Statutory Trusts (DSTs) across all U.S. states, providing his clients with tax-advantaged solutions and alternative investment opportunities. CA DRE 01987372
Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093