Family Dollar

2302 Northwest Sheridan Road, Lawton, OK 73505

$864,391

Cap Rate 8.70%

Views: 174 DOM: 39 Updated: 08.06.24 Posted: 08.06.24 Status: Active

Summary

Price $864,391	Built/Renov 2022	Tenant Family Dollar
Cap Rate 8.70%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 8,000	Lease Start 01-27-2002	#Units 8,359
Price/SF $108.05	Expiration 12-31-2026	Tenant Type Dollar/Discount
NOI $75,202	R. Term 2.3	Ownership Fee Simple
Rent/SF $9.40	Increases 10.0%/2/yrs	Pop 5Mi 82,248
Lot/AC 0.77	Options 1/5yrs/10%	AHHI 5Mi $71,195

Randy Blankstein

The Boulder Group (HQ)

Contact

Lease Highlights

Family Dollar has been operating in this location since 2002
The tenant has 2+ years remaining on the current lease term with 1 (5-year) option to extend
The lease features a 10% rental escalation at the start of the remaining option period
Favorable NN+ lease with landlord responsible for structure only
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located at the signalized, hard-corner intersection of NW Sheridan Road and NW Smith Avenue, with access to a combined daily traffic count of 27,837 vehicles. The property is in proximity to three major thoroughfares for the area, including Interstate 44 (37,500 VPD), Highway 62 (29,000 VPD), and NW Cache Rd (37,600 VPD). Additionally, it is less than one mile...

...

Key Features

Signalized intersection
Build to suit
In location for years
Near major nationals
Highway close
Long operation history
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Family Dollar Wikipedia Family Dollar Wikipedia Lawton, Oklahoma Zip Code 73505 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:8,359
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores...

...

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