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DOM: 493 Updated: 03.03.25 Posted: 01.05.24 Status: Active

Summary

Price $1,540,000
Built/Renov 2023
Tenant Family Dollar | Dollar Tree
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 10,500
Lease Start 04-01-2023
#Units 1,200
Price/SF $166.67
Expiration 04-01-2033
Tenant Type Dollar/Discount
NOI $115,500
R. Term 7.10
Ownership Fee Simple
Rent/SF $11.00
Increases 0.0%/9/yrs
Pop 5Mi 4,421
Lot/AC 1.50
Options 4/5yrs
AHHI 5Mi $61,399

Lease Highlights

  • Brand-new 2023 construction
  • The tenant has 8+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features $0.50/SF rental increases at the start of each option
  • Corporate guaranteed lease | Investment grade tenant (S&P: BBB)

Location Description

Family Dollar | Dollar Tree is highly visible as it is strategically located on Highway 81/Rodeo Dr, with access to 4,700 vehicles passing by daily. Situated on the main retail artery leading into Comanche and merely 7 miles from Duncan Municipal Airport. This prime location is further enhanced by the limited competition in the vicinity. The 5-mile trade area is supported by a population of...

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Maps

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  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,482 2,417 3,698
2023 Total Population : 1,469 2,423 3,733
2023 Employed Civilian Pop : 426 819 1,357
2023 Total Businesses : 91 108 131
2023 Average Household Income : $ 62,047 $ 69,734 $ 68,522
2023 Total Consumer Spending : $ 33 M $ 60 M $ 92 M
2023 Median Age : 40 42 43
2023 Total Households : 604 962 1,486
2023 Pop Age 25+: Bachelor's Degree : 82 127 174
2023 Average Home Value : $ 111,935 $ 125,792 $ 118,422
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Old Hwy 81 2019 3,600 0.67 mi
Co Rd Ns 283 2019 1,500 0.71 mi
Meridian Rd 2019 4,800 1.16 mi
Meridian Road N2820 Rd 2019 1,700 1.30 mi
State Hwy 53 S 42nd St 2003 1,700 1.53 mi
2003 3,700 1.80 mi
S 42nd St 2019 1,600 2.16 mi
N2840 Rd 2019 1,200 2.48 mi

Listing Broker

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Corey Bunch

Fortis Net Lease

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  • 9 Listings
  • 1707 Views
  • 1 Sold
Andrew Bender

Fortis Net Lease

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  • 8 Listings
  • 1485 Views
  • 1 Sold

Corey Bunch is an Investment associate at Fortis Net Lease. Corey spent 8 years in the corrugated industry as a sales representative before joining Fortis Net Lease. Being on the road everyday visiting customers taught Corey how to manage his time wisely, how to problem solve, and most importantly how to create valuable customer relationships by understanding their needs. Before getting started in the Packaging business Corey was a student at Michigan State University where he earned his Bac

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Andrew is a Central Michigan University graduate where he obtained his degree in Real Estate Development with a concentration in Finance. His college experience led him to become the President of the Professional Real Estate Society. His involvement allowed him to develop a handful of skills and extensive knowledge of the real estate business of which he now represents. At Fortis, Andrew specializes in exclusive seller and buyer representation with a multitude of national clients. His expertise

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Bryan Bender

Fortis Net Lease

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  • 65 Listings
  • 15864 Views
  • 31 Sold

January 18th, 2008 was my first day working in Commercial Real Estate. I still remember arriving early that morning, and receiving a phone call from my father. “Never change who you are” he said, knowing how nervous I was in trying to follow my brother, Robert, into Investment property sales at Marcus & Millichap. I had to make this work, I cannot fail, I thought to myself. After a one and a half decades of ups and downs, listings and closings, and seemingly endless negotiations, a lesson I

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