Dollar Tree

1307 East Main Street, Stigler, OK 74462

$1,866,000

Cap Rate 7.65%

Views: 137 DOM: 230 Updated: 11.11.24 Posted: 04.05.24 Status: Active

Summary

Price $1,866,000	Built/Renov 2024	Tenant Dollar Tree
Cap Rate 7.65%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 10,000	Lease Start 07-01-2024	#Units 16,700
Price/SF $186.60	Expiration 07-31-2034	Tenant Type Dollar/Discount
NOI $142,749	R. Term 9.8	Ownership Fee Simple
Rent/SF $14.43	Increases 0.0%/0/yrs	Pop 5Mi 5,318
Lot/AC 1.15	Options 4/5yrs	AHHI 5Mi $62,882

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Brand-new 2024 construction
Brand-new 10-year lease with 4 (5-year) options to extend
The lease features $.50/PSF rental escalations at the start of each option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Dollar Tree strategically located on East Main Street (Highway 9), with access to 4,900 vehicles passing by daily. Positioned directly across from Walmart Supercenter and McDonald’s, and adjacent to Taco Bell and Ace Hardware, the property enjoys exceptional visibility and accessibility. Moreover, it is surrounded by key community establishments including Stigler Elementary School, Stigler...

...

Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Dollar Tree Wikipedia Dollar Tree Wikipedia Stigler, Oklahoma Zip Code 74462 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:16,700
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Dollar Tree (NASDAQ: DLTR) is a leading operator of retail discount stores. They offer a variety of discounted merchandise under the brand names of Dollar Tree, Family Dollar and Dollar Tree...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,523	3,811	4,418
2023 Total Population :	1,571	3,872	4,501
2023 Employed Civilian Pop :	556	1,432	1,679
2023 Total Businesses :	182	256	265
2023 Average Household Income :	$ 50,562	$ 55,111	$ 56,982
2023 Total Consumer Spending :	$ 29 M	$ 77 M	$ 92 M
2023 Median Age :	38	40	41
2023 Total Households :	648	1,547	1,780
2023 Pop Age 25+: Bachelor's Degree :	94	274	337
2023 Average Home Value :	$ 157,263	$ 190,036	$ 194,940

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
State Highway 9	Airport Rd	2003	4,900	0.85 mi
Liquire Highway	Liquire Hwy	2018	1,400	0.93 mi
Liquire Highway	E1220 Rd	2021	1,300	1.05 mi
	N County Ridge Dr	2021	5,500	1.27 mi
Northwest 7th Street	N W Mimosa Dr	2021	2,400	1.35 mi
Liquire Hwy	Chowtaw Rd	2003	1,200	1.41 mi
State Highway 9	N4420 Rd	2003	5,900	1.65 mi
	W Main St	2021	7,500	1.79 mi
N4420 Road	State Hwy 9	2021	600	2.24 mi
N4420 Road	W 1220 Rd	2018	460	2.29 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT