120 E Main St 10,500 SF Retail Building Canton, OK 73724 $1,425,200 ($135.73/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Combination Store | Family Dollar & Dollar Tree | 20% increase in revenue
- 10-Year NNN Lease Requiring Minimal Landlord Responsibilities
- Investment Credit Tenant | Standard & Poor's: 'BBB'
- Brand New Featuring Prototype Construction
- Four (5 Yr) Options | $0.50 Rental Rate Increase
- Family Dollar Tree Out Positions Other Retailers in Market | Main Thoroughfare!
EXECUTIVE SUMMARY
Fortis Net Lease is pleased to present this 10,500 SF Family Dollar Tree Combo Store store located in Canton, Oklahoma. The property is encumbered with a ten (10) year triple net lease, leaving minimal landlord responsibilities. The lease contains Four (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Family Dollar Corporation which holds a credit rating of “BBB” which is classi?ed as investment grade.
This Family Dollar Tree is highly visible as it is strategically positioned off of Main St (which sees over 2,800 vehicles per day). The building is located on a main retail artery in Canton. The ten-mile population is in excess of 2,100 with the two-mile average household income at $69,873. These are above-average demographics for a Dollar Store. The ?ve-mile average home value exceeds $80,000.
This investment will offer a new owner success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. The List price re?ects a 7.50% cap rate based on NOI of $106,890.
This Family Dollar Tree is highly visible as it is strategically positioned off of Main St (which sees over 2,800 vehicles per day). The building is located on a main retail artery in Canton. The ten-mile population is in excess of 2,100 with the two-mile average household income at $69,873. These are above-average demographics for a Dollar Store. The ?ve-mile average home value exceeds $80,000.
This investment will offer a new owner success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. The List price re?ects a 7.50% cap rate based on NOI of $106,890.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Retail
Building Size
10,500 SF
Year Built
2023
Price
$1,425,200
Price Per SF
$135.73
Cap Rate
7.50%
NOI
$106,890
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.88 AC
Zoning
C1
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar Tree
- Retailer
- 10,500 SF
- $10.18
- Triple Net
- Aug 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar Tree | Retailer | 10,500 SF | $10.18 | Triple Net | Aug 2033 |
