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FAMILY DOLLAR – PERRY, OK 607 Fir St 10,500 SF Retail Building Perry, OK 73077 $2,068,309 CAD ($196.98 CAD/SF) 8% Cap Rate

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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
In Association with Designated Broker:
Brian Brockman – Broker
License #: 177814
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,500 SF
Year Built
2022
Price
$2,068,309 CAD
Price Per SF
$196.98 CAD
Cap Rate
8%
NOI
$165,423 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.75 AC
Zoning
C
Frontage
100’ on Fir Street

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

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
Retailer - - -

NEARBY MAJOR RETAILERS

Homeland
The YMCA
Boomarang Diner

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1220-00-064-025-0-001-00
Land Assessment
$18,496 CAD
Improvements Assessment
$199,911 CAD
Total Assessment
$218,407 CAD
  • Listing ID: 39145976

  • Date on Market: 2024-08-30

  • Last Updated:

  • Address: 607 Fir St, Perry, OK 73077

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