Family Dollar 401 E Cherokee Ave

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Family Dollar property positioned located in Nowata, Oklahoma. Family Dollar has been successfully operating at this location since 2007. Family Dollar has extended this lease multiple times over their tenancy. Most recently, in June of 2024, extended the lease through December 2033. There are two 5-year renewal options remaining with 10% rental escalations in each. The lease also features a corporate guaranty. This is a strong performing location as evidenced by the lease extension and the store also reports strong sales figures (inquire with broker). Store sales have increased year-over-year for the past five years. The parking lot was re-surfaced in the summer of 2024 to superior condition.
The 9,180 square-foot building benefits from its position along East Cherokee Avenue. There are several nearby tenants that draw traffic to the immediate area including Homeland Grocery, Bomgaars Supply, Ascension Healthcare, Sonic Drive-In, and several others. There is limited competition in the area for Family Dollar with only one competing store found within a 16-mile radius. Furthermore, the surrounding areas demographics are ideal for Dollar Tree or Family Dollar locations. The average household income within a ten-mile radius is $67,103. The subject asset is also located less than one hour north of Tulsa, Oklahoma.
Family Dollar is a leading discount retail chain in the United States, operating over 8,000 stores across 46 states. Known for its commitment to providing customers with a wide range of essential products at affordable prices, Family Dollar offers a diverse inventory including groceries, household items, apparel, and seasonal merchandise. The company’s strategic focus on serving low-to-moderate-income communities ensures a steady and loyal customer base. Family Dollar’s efficient supply chain management and extensive store network contribute to its robust financial performance, making it a reliable tenant and a valuable asset for investors seeking stable returns in the retail sector.