Family Dollar | Dollar Tree

500 South Main Street, Fairfax, OK 74637

$1,761,000

Cap Rate 7.75%

Views: 138 DOM: 226 Updated: 11.08.24 Posted: 04.09.24 Status: Active

Summary

Price $1,761,000	Built/Renov 2024	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.75%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 10,500	Lease Start 05-01-2024	#Units 1,200
Price/SF $173.33	Expiration 05-31-2034	Tenant Type Dollar/Discount
NOI $136,500	R. Term 9.6	Ownership Fee Simple
Rent/SF $13.00	Increases 0.0%/0/yrs	Pop 5Mi 2,138
Lot/AC 0.96	Options 5/5yrs	AHHI 5Mi $48,815

Lease Highlights

Brand new 2024 construction
Brand new new 10-year lease with 5 (5-year) options to extend
The lease features $.50/PSF rental increases at the start of each option period
Favorable NN+ lease with landlord responsible for roof and structure | 20-yr roof warranty
Corporate guarantee | Investment grade tenant

Location Description

The Family Dollar / Dollar Tree Combo Store is strategically located on South Main Street, with access to 1,586 vehicles passing by daily. This prime location is further enhanced by limited competition, with only two discount/dollar stores within a 20-mile radius. Additionally, well-known national tenants in the vicinity include NAPA and Phillips 66. The 5-mile trade area is supported by a...

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Key Features

New construction
Hard corner intersection
Roof guarantee
Strategically located
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar | Dollar Tree Wikipedia Dollar Tree Wikipedia Fairfax, OK Zip Code 74637 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,244	1,402	1,771
2023 Total Population :	1,249	1,409	1,791
2023 Employed Civilian Pop :	476	539	694
2023 Total Businesses :	70	70	87
2023 Average Household Income :	$ 63,837	$ 65,931	$ 68,607
2023 Total Consumer Spending :	$ 29 M	$ 34 M	$ 45 M
2023 Median Age :	45	45	46
2023 Total Households :	509	580	735
2023 Pop Age 25+: Bachelor's Degree :	99	116	170
2023 Average Home Value :	$ 71,140	$ 82,051	$ 108,067

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South Main Street	Buxton Rd	2021	1,400	0.55 mi
CR 5451	E Taft Ave	2021	460	0.64 mi
CR 6300	Mason St	2021	250	0.72 mi
CR 6350	State Hwy 18	2021	210	1.46 mi
CR 5909	Co Rd 5909	2021	40	1.51 mi
	Co Rd 5818	2021	1,400	1.80 mi
		2019	1,400	1.80 mi
		2019	1,700	2.37 mi
	Hwy 20	2021	1,500	2.37 mi

Listing Broker

Mark Ruble

Marcus & Millichap: NLAG

Contact

191 Listings
22937 Views
114 Sold

Chris Lind

Marcus & Millichap: NLAG

Contact

190 Listings
22836 Views
113 Sold

Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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