Family Dollar – Perry, Ok

$1,593,000

607 Fir Street, Perry, OK 73077

For Sale

Retail Restaurant

Active

Last Updated: 01/17/2025

Details:

Cap Rate: 7.5%

NOI: $119,490

Building Size: 10,500 sqft

Lot Area: 0.75 acres

Occupancy: 100%

Lease Type: Double Net

Year Built: 2022

Zoning: C

Tenancy: Single

Lease Expire Year: 09/30/2032

Offered by

Kendall Carlsen

Digital Marketing Coordinator

Commercial Investment Advisors

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Highlights:

8 Years Remaining on initial 10-Year NN Lease with $0.50 PSF Rental Escalations Every 5 Years in Renewal Options
In July 2015, Dollar Tree (NASDAQ: DLTR | S&P Credit Rating BBB | Moody’s Baa2 Rating | Fortune 200 Company) completed the acquisition of Family Dollar, creating combined organization operating 16,397 stores across 48 states and five Canadian provinces as of May 4, 2024. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada
Latest Dual Branded Format Store Offering Both Family Dollar/Dollar Tree Merchandise Under One Roof! Opened in 2022
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!
Total Population: 129,276 | Average Household Income: $89,825

Description:

Family Dollar 8 years remaining on initial 10-year NN lease with $0.50 PSF rental escalations every 5 years in renewal options. In July 2015, Dollar Tree (NASDAQ: DLTR | S&P Credit Rating BBB | Moody’s Baa2 Rating | Fortune 200 Company) completed the acquisition of Family Dollar, creating combined organization operating 16,397 stores across 48 states and five Canadian provinces as of May 4, 2024. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. Latest Dual Branded Format Store Offering Both Family Dollar/Dollar Tree Merchandise Under One Roof! Opened in 2022.

The Asset is 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! Perry has retailers such as Dollar General, True Value, Tractor Supply Co., Homeland Grocery; Dining options include McDonald’s, Sonic Drive-In, Pizza Hut, Subway, Braum’s Ice Cream; Accommodations include Holiday Inn Express, Comfort Inn & Suites, Microtel Inn, and Super 8. Perry has Perry Elementary (580 students); Perry Junior High School (168 students) & Perry High School (292 students) with a total of 1,040 students within 1.5-mile radius; Less than 1 mile from Stillwater Medical Perry - 26 beds.
In Association with Designated Broker:
Brian Brockman – Broker
License #: 177814
Bang Realty, Inc
bor@bangrealty.com
513-898-1551