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DOLLAR TREE (AFFLUENT DEMOS) – PIEDMONT, OK 701 Piedmont N Rd 10,500 SF Retail Building Piedmont, OK 73078 $2,538,461 CAD ($241.76 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 10-year NN* lease with $0.50 PSF rental escalations every 5 years in renewal options.
- Brand new, build-to-suit construction to Dollar Tree’s latest prototype (10,000 SF) - opened August 2024
- Traffic counts exceed 10,120 CPD!
- Dollar Tree Stores, Inc. (NASDAQ: DLTR | S&P Credit Rating: BBB | Moody’s Rating: Baa2 | a Fortune 500 Company) operated 16,340 stores
- Positioned on a ±0.939-acre lot in a growing area of Northwest Oklahoma City MSA with excellent drive-by visibility/access on Piedmont Rd
- 2023 DEMOGRAPHICS: Total Population (5-MI): 147,925 | Average Household Income (1-MI): $110,259
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
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
Building Size
10,500 SF
Building Class
C
Year Built
2024
Price
$2,538,461 CAD
Price Per SF
$241.76 CAD
Cap Rate
7.50%
NOI
$190,364 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.93 AC
Zoning
C
Frontage
88’ on Piedmont Road North
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar Tree
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar Tree | Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 090037086 | Improvements Assessment | $29,578 CAD |
| Land Assessment | $10,782 CAD | Total Assessment | $40,360 CAD |
PROPERTY TAXES
Parcel Number
090037086
Land Assessment
$10,782 CAD
Improvements Assessment
$29,578 CAD
Total Assessment
$40,360 CAD
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DOLLAR TREE (AFFLUENT DEMOS) – PIEDMONT, OK | 701 Piedmont N Rd
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