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16738 Highway 70
Lone Grove, OK 73443
Family Dollar · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Long Term Lease
  • Double Net Lease
  • Investment Grade Credit
  • Attractive Rent Increases
  • Corporate Lease
  • Strong Store Sales

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 16738 US Highway 70 in Lone Grove, Oklahoma (the “Property”). Family Dollar has occupied this build-to-suit location since 2006 and recently exercised their renewal option demonstrating their commitment to the site and the market. Family Dollar has 4+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option. Family Dollar is positioned at the intersection of Church Street and US Highway 70, the area’s primary commercial and commuter corridor. Situated in the center of Lone Grove, the Property benefits from outstanding visibility and frontage and is within 1-mile of the Lone Grove Municipal Buildings (Town Hall, Police Department, Fire Department and US Post Office) and the Lone Grove Schools (Primary, Intermediate, Middle and High School). Family Dollar, along with a Dollar General, serve as the primary shopping destinations within the town. Located in south-central Oklahoma, Lone Grove is 85 miles south of Norman, OK, 102 Miles South of Oklahoma City, OK and approximately 115 miles north of Dallas and Fort Worth, TX all via Interstate 35.

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2006
Price
$719,086
Price Per SF
$89.89
Cap Rate
8.75%
NOI
$62,920
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.58 AC
Zoning
C1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2000-00-051-006-0-001-00
Land Assessment
$30,424
Improvements Assessment
$53,885
Total Assessment
$84,309
  • Listing ID: 36008600

  • Date on Market: 5/28/2025

  • Last Updated:

  • Address: 16738 Highway 70, Lone Grove, OK 73443

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