This page tracks every Dollar Tree net lease property observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the Dollar Tree credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.
Dollar Tree is investment grade. Dollar Tree, Inc. carries long-term issuer ratings of BBB (Stable outlook) from S&P Global Ratings, which places it in investment grade territory (BBB‑/Baa3 or higher). Ratings checked September 27, 2026. Ratings change; confirm before relying on any figure here. See the Dollar Tree credit rating and NNN cap rate profile and the investment grade credit tenant ratings table.
154 Dollar Tree NNN properties observed for sale across 36 states as of September 25, 2026. Median asking cap rate 7.50% (range 4.75% to 11.31%). Median asking price $1.89M. Average remaining lease term 6.5 years. Median building 12,150 SF. Figures update automatically from listing broker materials.
Dollar Tree NNN Properties For Sale: Latest Listings
Up to twelve of the most recently listed single-tenant Dollar Tree properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Location | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|
| DeSoto, TX | $1,961,540 | 6.50% | $127,500 | n/a | 2015 | **** | Get full property data |
| East Hartford, CT | $1,748,506 | 7.25% | $126,767 | n/a | 2005 | **** | Get full property data |
| De Witt, NY | $2,650,000 | 7.76% | $205,586 | n/a | 1970 | n/a | Get full property data |
| Wrightstown, NJ | $1,485,000 | 6.73% | $99,979 | n/a | 2017 | **** | Get full property data |
| Rock Island, IL | $2,153,032 | 7.75% | $166,860 | n/a | 1996 | **** | Get full property data |
| Victorville, CA | $2,890,000 | 6.00% | $174,333 | n/a | 2014 | **** | Get full property data |
| Fort Myers, FL | $3,680,000 | 6.25% | $230,000 | n/a | 2026 | **** | Get full property data |
| International Falls, MN | $828,948 | 9.50% | $78,750 | n/a | 2007 | **** | Get full property data |
| RICHLAND, WA | $6,825,000 | 6.25% | $426,444 | n/a | 2004 | **** | Get full property data |
| Reno, NV | $2,632,000 | 4.75% | $125,000 | n/a | 2021 | ************ | Get full property data |
| INDIANAPOLIS, IN | $1,187,500 | 8.00% | $95,000 | n/a | 1978 | **** | Get full property data |
| Jackson, TN | $1,454,545 | 8.25% | $120,000 | n/a | 2014 | **** | Get full property data |
Search all 154 Dollar Tree properties on the market
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
Get new Dollar Tree listings in your cap rate band
New Dollar Tree net lease listings matched to your criteria, emailed as they are observed on the market. One email per match, nothing else.
Own a Dollar Tree? Considering selling?
Investment Grade Income Property, LP advises owners nationally through Broker of Record co-listing partnerships in all 50 states. You choose the process: a quiet off-market placement with qualified 1031 buyers already searching this inventory, or a full on-market campaign. Either way it starts with a free valuation benchmark against the live Dollar Tree listings on this page.
Investment Grade Income Property, LP is a licensed commercial real estate brokerage. Your details are used to send the information you requested and are never shared with listing brokers without your permission.
What You Are Actually Buying
Dollar Tree operates its stores directly rather than franchising them, so listings carry a corporate lease. A practical distinction on this tenant is freestanding versus inline: a meaningful portion of the store base sits in shopping centers, and an inline Dollar Tree is a fundamentally different asset from a freestanding pad with its own parcel.
Stores typically run about 8,000 to 12,000 square feet. Freestanding units on their own parcel behave like conventional single-tenant net lease assets. Inline units carry center-level risk, potential co-tenancy provisions and shared area obligations that do not appear in a simple cap rate comparison.
Across the current inventory, roughly 15% of listings with a reported build year were delivered in the last four years, and about 34% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.
Dollar Tree Cap Rate, Price and Term Distribution
These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.
| Asking Cap Rate Band | Listings | Share | Avg Asking Price |
|---|---|---|---|
| Under 5.00% | 2 | 1% | $3.77M |
| 5.00% to 5.49% | 4 | 3% | $2.47M |
| 5.50% to 5.99% | 2 | 1% | $3.71M |
| 6.00% to 6.49% | 15 | 10% | $7.07M |
| 6.50% to 6.99% | 12 | 8% | $2.46M |
| 7.00% and above | 106 | 69% | $2.94M |
| Asking Price Band | Listings | Share | Avg Cap Rate |
|---|---|---|---|
| Under $1.5M | 43 | 28% | 8.14% |
| $1.5M to $2.5M | 60 | 39% | 7.38% |
| $2.5M to $3.5M | 15 | 10% | 7.17% |
| $3.5M to $5M | 11 | 7% | 6.34% |
| $5M and above | 24 | 16% | 7.46% |
| Remaining Lease Term | Listings | Avg Cap Rate |
|---|---|---|
| Under 5 years | 19 | 7.48% |
| 5 to 10 years | 41 | 7.64% |
| 10 to 15 years | 7 | 7.56% |
| Lease Type (as marketed) | Listings |
|---|---|
| **** | 37 |
| NN | 35 |
| NNN | 28 |
| Not stated | 27 |
| NN+ | 12 |
How to read the pricing
The spread inside the Dollar Tree inventory runs from 4.75% to 11.31%, against a median of 7.50%, and almost all of it is explained by three variables. First, remaining term, which the term table above prices directly. Second, geography, which the state table below shows. Third, lease structure and real estate quality: absolute NNN, fee simple and strong access trade at the tight end, while NN, ground lease and secondary access trade wider. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.
Where Dollar Tree NNN Properties Are For Sale
Current inventory spans 36 states. State-level cap rate differences of 50 to 100 basis points are normal and reflect state income tax, population growth and buyer competition more than anything about the tenant.
| State | Listings | Avg Cap Rate | Avg Asking Price |
|---|---|---|---|
| TX | 14 | 7.42% | $3.73M |
| CA | 13 | 6.36% | $7.54M |
| MI | 13 | 7.82% | $2.17M |
| NY | 9 | 7.71% | $3.79M |
| IL | 9 | 8.36% | $2.12M |
| PA | 9 | 7.36% | $3.33M |
| IN | 8 | 7.29% | $4.46M |
| OH | 8 | 7.56% | $1.91M |
| OK | 7 | 8.32% | $4.52M |
| FL | 6 | 6.40% | $2.54M |
| NC | 6 | 7.33% | $2.90M |
| TN | 5 | 7.95% | $3.66M |
Dollar Tree as a 1031 Exchange Replacement Property
The median asking price in the current Dollar Tree inventory is $1.89M, and about 49% of listings fall in the middle of the market between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace.
- Identify from the live list, not a stale one. Listings move. Identify two or three specific properties under the three-property rule and keep a backup that is realistically still available.
- Debt replacement is the trap. If the relinquished property carried a mortgage, you must replace that debt or add cash to fully defer gain. Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage. Run your own debt numbers before you identify.
- Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, prioritize term and options over 25 basis points of cap rate.
- Close-ability matters more than price. A clean estoppel, a current lease and no pending relocation are worth paying for on a 45-day clock.
For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.
Dollar Tree NNN Due Diligence Checklist
These are the items that change the value of a Dollar Tree listing and are rarely resolved by the offering memorandum.
- Freestanding versus inline. Confirm whether the property is a standalone parcel or a unit within a center, and price accordingly.
- Co-tenancy and CAM. On inline units, review co-tenancy clauses, CAM reconciliation history and any caps on recoverable expenses.
- Roof and structure. Verify which party carries roof, structure and parking obligations.
- Term and escalations. Confirm the escalation schedule in the primary term and whether options are at fixed or market rent.
How Investment Grade Works With Dollar Tree Buyers
Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a Dollar Tree acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On most transactions there is no separate fee to the buyer because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.
Owners of existing Dollar Tree properties can use this page as a valuation benchmark. If you are weighing a sale, an off market disposition to a qualified 1031 buyer often closes faster and with less retrading than a broad marketing process.
Frequently Asked Questions
How many Dollar Tree NNN properties are for sale right now?
As of September 25, 2026, 154 single-tenant Dollar Tree net lease properties are observed for sale across 36 states. The count updates automatically as listings are added and removed.
Is Dollar Tree investment grade?
Dollar Tree, Inc. carries long-term issuer ratings of BBB (Stable outlook) from S&P Global Ratings, which places it in investment grade territory (BBB‑/Baa3 or higher). Ratings checked September 27, 2026.
What cap rate do Dollar Tree NNN properties sell at?
The current median asking cap rate is 7.50%, with the inventory ranging from 4.75% to 11.31%. Longer term, stronger markets and absolute NNN structures price at the tight end.
How much does a Dollar Tree NNN property cost?
The median asking price in the current inventory is $1.89M, with listings from $0.45M to $48.97M. About 49% fall between 1.5 and 3.5 million dollars.
Who signs the lease on a Dollar Tree property?
Dollar Tree operates its stores directly rather than franchising them, so listings carry a corporate lease. A practical distinction on this tenant is freestanding versus inline: a meaningful portion of the store base sits in shopping centers, and an inline Dollar Tree is a fundamentally different asset from a freestanding pad with its own parcel.
Is a Dollar Tree property a good 1031 exchange replacement?
It depends on your equity, your debt replacement requirement and your hold period. The median asking price is $1.89M and roughly 49% of inventory sits in the 1.5 to 3.5 million dollar range that suits a typical exchange. Term, lease structure and close ability matter more than headline cap rate on a 45-day clock.
Working a Dollar Tree acquisition or a 1031 identification deadline? Register on any listing above for full property data and a due diligence review, or email steve@investmentgrade.pro with your price range, target states and closing timeline and we will screen the live inventory for you.
