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FAMILY DOLLAR – PERRY, OK 607 Fir St

10,500 SF Retail Building Perry, OK 73077 $1,542,000 ($147/SF) 7.75% Cap Rate

Investment Highlights

  • 8 Years Remaining on initial 10-Year NN Lease with $0.50 PSF Rental Escalations Every 5 Years in Renewal Options
  • Latest Dual Branded Format Store Offering Both Family Dollar/Dollar Tree Merchandise Under One Roof! Opened in 2022
  • Total Population: 129,276 | Average Household Income: $89,825
  • In July 2015, Dollar Tree (NASDAQ: DLTR | S&P Credit Rating BBB | Moody’s Baa2 Rating | Fortune 200 Company) completed the acquisition of Family Dol
  • Well-positioned just off a signalized, hard corner (US 77 & US 64) with great visibility/access on Fir St with traffic counts of 4,960 CPD!

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,500 SF
Year Built
2022
Price
$1,542,000
Price Per SF
$147
Cap Rate
7.75%
NOI
$119,490
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.75 AC
Zoning
C
Frontage
100 FT on Fir Street

Amenities

  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - -

Nearby Major Retailers

Homeland
Ymca
Boomarang Diner

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1220-00-064-025-0-001-00
Land Assessment
$13,455
Improvements Assessment
$139,648
Total Assessment
$153,103
  • Listing ID: 34380676

  • Date on Market: 8/30/2024

  • Last Updated:

  • Address: 607 Fir St, Perry, OK 73077

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