diff --git a/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/.noautobuild b/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/.noautobuild
new file mode 100644
index 000000000..e69de29bb
diff --git a/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyApp/.noautobuild b/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyApp/.noautobuild
new file mode 100644
index 000000000..e69de29bb
diff --git a/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyApp/Program.cs b/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyApp/Program.cs
new file mode 100644
index 000000000..a552b21e7
--- /dev/null
+++ b/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyApp/Program.cs
@@ -0,0 +1,10 @@
+namespace ConsoleApplication
+{
+    public class Program
+    {
+        public static void Main(string[] args)
+        {
+        }
+    }
+}
+
diff --git a/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyApp/project.json b/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyApp/project.json
new file mode 100644
index 000000000..e10324be5
--- /dev/null
+++ b/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyApp/project.json
@@ -0,0 +1,20 @@
+{
+  "version": "1.0.0-*",
+  "buildOptions": {
+    "emitEntryPoint": true
+  },
+
+  "dependencies": {
+    "Microsoft.NETCore.App": {
+      "type": "platform",
+      "version": "1.0.1"
+    },
+    "MyLib": "1.0.0-*"
+  },
+
+  "frameworks": {
+    "netcoreapp1.0": {
+      "imports": "dnxcore50"
+    }
+  }
+}
diff --git a/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyLib/NotUsedButDoNotRemove.cs b/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyLib/NotUsedButDoNotRemove.cs
new file mode 100644
index 000000000..d16e6e2d3
--- /dev/null
+++ b/TestAssets/NonRestoredTestProjects/MigrateAppWithMissingDep/MyLib/NotUsedButDoNotRemove.cs
@@ -0,0 +1,5 @@
+// This file needs to be here as this error does not repro if the MyLib folder doesn't exist
+// Since git does not keep track of folders and files only, this folder needs to contain any file.
+namespace MyLib
+{
+}
diff --git a/src/Microsoft.DotNet.ProjectJsonMigration/MigrationErrorCodes.cs b/src/Microsoft.DotNet.ProjectJsonMigration/MigrationErrorCodes.cs
index 336bd42c0..f7c54e54b 100644
--- a/src/Microsoft.DotNet.ProjectJsonMigration/MigrationErrorCodes.cs
+++ b/src/Microsoft.DotNet.ProjectJsonMigration/MigrationErrorCodes.cs
@@ -28,6 +28,9 @@ namespace Microsoft.DotNet.ProjectJsonMigration
         public static Func<string, MigrationError> MIGRATE1017
             => (message) => new MigrationError(nameof(MIGRATE1017), "Multiple Xproj Files", message);
 
+        public static Func<string, MigrationError> MIGRATE1018
+            => (message) => new MigrationError(nameof(MIGRATE1018), "Dependency Project not found", message);
+
         // Potentially Temporary (Point in Time) Errors
         public static Func<string, MigrationError> MIGRATE20011
             => (message) => new MigrationError(nameof(MIGRATE20011), "Multi-TFM", message);
diff --git a/src/Microsoft.DotNet.ProjectJsonMigration/ProjectDependencyFinder.cs b/src/Microsoft.DotNet.ProjectJsonMigration/ProjectDependencyFinder.cs
index fbfa76838..4b417d389 100644
--- a/src/Microsoft.DotNet.ProjectJsonMigration/ProjectDependencyFinder.cs
+++ b/src/Microsoft.DotNet.ProjectJsonMigration/ProjectDependencyFinder.cs
@@ -55,6 +55,12 @@ namespace Microsoft.DotNet.ProjectJsonMigration
             {
                 var project = projects.First();
                 projects.Remove(project);
+                if (!File.Exists(project.ProjectFilePath))
+                {
+                    MigrationErrorCodes
+                        .MIGRATE1018($"Dependency project not found ({project.ProjectFilePath})").Throw();
+                }
+
                 var projectContext =
                     ProjectContext.CreateContextForEachFramework(project.ProjectFilePath).FirstOrDefault();
                 if(projectContext == null)
diff --git a/test/dotnet-migrate.Tests/GivenThatIWantToMigrateTestApps.cs b/test/dotnet-migrate.Tests/GivenThatIWantToMigrateTestApps.cs
index 9a26e2c93..f12a9d5e4 100644
--- a/test/dotnet-migrate.Tests/GivenThatIWantToMigrateTestApps.cs
+++ b/test/dotnet-migrate.Tests/GivenThatIWantToMigrateTestApps.cs
@@ -436,6 +436,19 @@ namespace Microsoft.DotNet.Migration.Tests
             BuildMSBuild(projectDirectory, projectName);
         }
 
+        [Fact]
+        public void It_fails_gracefully_when_migrating_app_with_missing_dependency()
+        {
+            string projectName = "MigrateAppWithMissingDep";
+            var projectDirectory = Path.Combine(GetTestGroupTestAssetsManager("NonRestoredTestProjects").CreateTestInstance(projectName).Path, "MyApp");
+
+            string migrationOutputFile = Path.Combine(projectDirectory, "migration-output.json");
+            File.Exists(migrationOutputFile).Should().BeFalse();
+            MigrateCommand.Run(new string[] { projectDirectory, "-r", migrationOutputFile, "--format-report-file-json" }).Should().NotBe(0);
+            File.Exists(migrationOutputFile).Should().BeTrue();
+            File.ReadAllText(migrationOutputFile).Should().Contain("MIGRATE1018");
+        }
+
         private void VerifyAutoInjectedDesktopReferences(string projectDirectory, string projectName, bool shouldBePresent)
         {
             if (projectName != null)