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Family Dollar | Near Oklahoma City 503 W 3rd St 10,695 SF Retail Building Konawa, OK 74849 $1,932,777 CAD ($180.72 CAD/SF) 8.75% Cap Rate
Executive Summary
• This opportunity has a lower price point of $1.3M with a 8.75% return.
NEAR OKLAHOMA CITY | CAPITAL & MOST POPULOUS CITY IN THE STATE
• This Family Dollar is located about an hour southeast of downtown Oklahoma City.
• Oklahoma city is the capital and most populous city in Oklahoma with a population of 681,065.
• Oklahoma City has one of the world’s largest livestock markets. Oil, natural gas, petroleum products, and related industries are its economy’s largest sector.
• The city is headquarters to two Fortune 500 companies: Expand Energy and Devon Energy as well as being home to Love’s Travel Stops & Country Stores, which is ranked thirteenth on Forbes’ list of private companies.
• Approximately 23.2 million visitors contributed $4.3 billion to Oklahoma City’s economy. These visitors directly spent $2.6 billion, sustained nearly 34,000 jobs, and generated $343 million in state and local taxes
2024 CONSTRUCTION FAMILY DOLLAR | 10 YEAR CORPORATE LEASE
• Family Dollar signed a new 10 year lease in 2023. There are approximately 7.5 years remaining on the corporate lease.
• There are $0.50 per square-foot rent increases every 5 years in each option period.
• The Tenant is responsible for Routine Parking Lot Maintenance, HVAC, Landscaping, Taxes, Insurance, and Utilities.
• There are limited landlord responsibilities that include Roof, Structure, and parking lot.
NATIONALLY RECOGNIZED TENANT WITH OVER 7,000 LOCATIONS
• Family Dollar is a private, standalone entity following its strategic 2025 divestiture from Dollar Tree, Inc. The brand now operates with the institutional backing of Brigade Capital Management and Macellum Capital Management, focusing exclusively on its high-growth “small-box” retail model.
• The company operates a massive national network of 7,000+ locations across 48 states and the District of Columbia, serving as a vital provider of essential goods in urban and rural markets where larger competitors have a limited footprint.
• With 67 years of operational history and 2024 net sales of $13.3 billion, Family Dollar remains a recession-resilient tenant. Its mission-critical retail model drives consistent consumer demand and predictable cash flow for property owners.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $252,097 CAD | |
| Land Assessment | $1,067 CAD | Total Assessment | $253,164 CAD |
Property Taxes
Presented by
Family Dollar | Near Oklahoma City | 503 W 3rd St
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