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Family Dollar 415 E 9th St 8,320 SF Retail Building Weleetka, OK 74880 $1,127,141 ($135.47/SF) 8.50% Cap Rate
EXECUTIVE SUMMARY
2016 build-to-suit construction for Family Dollar
Rare ABS NNN Lease | Zero Landlord Responsibilities
5.75 Years remaining on the base term of an initial 15-year lease
Limited Competition – the nearest dollar store is over 10 miles away
The subject property is located on the main throughfare of Weleetka
Six, 5-year extension periods all of which include attractive rental increases
Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second largest discount retailer in the United States with more than 16,000 locations
Dollar Tree boasts an investment-grade credit rating of BBB-
Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
Rare ABS NNN Lease | Zero Landlord Responsibilities
5.75 Years remaining on the base term of an initial 15-year lease
Limited Competition – the nearest dollar store is over 10 miles away
The subject property is located on the main throughfare of Weleetka
Six, 5-year extension periods all of which include attractive rental increases
Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second largest discount retailer in the United States with more than 16,000 locations
Dollar Tree boasts an investment-grade credit rating of BBB-
Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2016
Price
$1,127,141
Price Per SF
$135.47
Cap Rate
8.50%
NOI
$95,807
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.04 AC
Zoning
C-2
Frontage
25’ on 9TH ST
PROPERTY TAXES
| Parcel Number | 0201-00-031-001-0-001-00 | Improvements Assessment | $92,451 |
| Land Assessment | $5,336 | Total Assessment | $97,787 |
PROPERTY TAXES
Parcel Number
0201-00-031-001-0-001-00
Land Assessment
$5,336
Improvements Assessment
$92,451
Total Assessment
$97,787
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Family Dollar | 415 E 9th St
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