Family Dollar 815 NW 12th St 8,320 SF 100% Leased Retail Building Moore, OK 73160 $1,134,000 ($136.30/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- highly visible
- Corporate lease guarantee
- fully occupied
EXECUTIVE SUMMARY
Subject Property is an 8,320 SF freestanding Family Dollar that was built in 2019.Family Dollar is a NNN investment with an initial lease term expiring on 3/31/29.Tenant has six options terms of five years each with rental increases during each option.
The property is located in a densely populated area and ideally located along NW 12thSt in Moore, Oklahoma with daily traffi c counts over 32,000+ vehicles per day. The center is located in Moore, OK, which is one of the fastest growing suburbs of OKC. The Property is located less than 13 miles from Downtown OKC, Will Rogers International Airport and Tinker Air Force Base.
Renovated in 2019
Tenant responsible for tax, insurance, and property maintenance expenses
32,000+ Vehicles Per Day
The property is located in a densely populated area and ideally located along NW 12thSt in Moore, Oklahoma with daily traffi c counts over 32,000+ vehicles per day. The center is located in Moore, OK, which is one of the fastest growing suburbs of OKC. The Property is located less than 13 miles from Downtown OKC, Will Rogers International Airport and Tinker Air Force Base.
Renovated in 2019
Tenant responsible for tax, insurance, and property maintenance expenses
32,000+ Vehicles Per Day
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
1972
Price
$1,134,000
Price Per SF
$136.30
Cap Rate
7.50%
NOI
$85,050
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
2.64 AC
Zoning
ZN C5
Parking
25 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
80’ on 12th St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R0104497 | Improvements Assessment | $65,206 |
| Land Assessment | $27,635 | Total Assessment | $92,841 |
