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Family Dollar 16738 Highway 70

8,000 SF Retail Building Lone Grove, OK 73443 $1,101,038 CAD ($138 CAD/SF) 8.10% Cap Rate

Investment Highlights

  • Long Term Lease
  • Investment Grade Credit
  • Strategic Retail Location
  • Attractive Rent Increases
  • Strong Store Sales
  • Dominant Market-Share Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 16738 US Highway 70 in Lone Grove, Oklahoma (the “Property”). Family Dollar has occupied this build-to-suit location since 2006 and recently exercised their renewal option demonstrating their commitment to the site and the market. Family Dollar has 5+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option. Family Dollar is positioned at the intersection of Church Street and US Highway 70, the area’s primary commercial and commuter corridor. Situated in the center of Lone Grove, the Property benefits from outstanding visibility and frontage and is within 1-mile of the Lone Grove Municipal Buildings (Town Hall, Police Department, Fire Department and US Post Office) and the Lone Grove Schools (Primary, Intermediate, Middle and High School). Family Dollar, along with a Dollar General, serve as the primary shopping destinations within the town. Located in south central Oklahoma, Lone Grove is 85 miles south of Norman, OK, 102 Miles South of Oklahoma City, OK and approximately 115 miles north of Dallas and Fort Worth, TX all via Interstate 35.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2006
Price
$1,101,038 CAD
Price Per SF
$138 CAD
Cap Rate
8.10%
NOI
$89,184 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Land Acres
0.58 AC
Frontage
146 ft on Hwy 70

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2000-00-051-006-0-001-00
Land Assessment
$42,617 CAD
Improvements Assessment
$77,569 CAD
Total Assessment
$120,186 CAD
  • Listing ID: 33232696

  • Date on Market: 2024-09-19

  • Last Updated:

  • Address: 16738 Highway 70, Lone Grove, OK 73443

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