Skip to main content

Discount

Family Dollar Tree

100 S Main St, Gore, OK 74435

Listing Price: $1,832,000

Cap Rate
6.85%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
10,500
Lease Type
Double Net
Rent Per Square Feet
$11.95

Investment Overview

2023 NEW CONSTRUCTION FAMILY DOLLAR TREE • The subject property is a new construction 10,500 SF Family Dollar Tree located in Gore, OK. • The store opened, and rent commenced in March of 2023. INTERSTATE LOCATION (21,500 VPD) • This Family Dollar Tree is located off Interstate 40 (21,500 VPD) on Hwy 64 (4,000 VPD). • The 1 Mile Household income is over $85,000 which is superior to most Family Dollar Tree Locations. NEAR TULSA | OIL CAPITAL OF THE WORLD • This property is located 1 hour southeast of Tulsa off interstate 40 (21,500 VPD) on Hwy 64. Hwy 64 is the highway that connects Gore to Tulsa. • Tulsa is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. It is the principal municipality of the Tulsa metropolitan area, a region with 1,023,988 residents. • Tulsa is dubbed the Oil Capital of the World after oil was discovered in the region in 1901. • The Natural Gas and Oil Industry in Tulsa supports 389,000 total jobs across the state’s economy and generates $57.7 Billion toward the states GDP. • Multiple Fortune 500 Company are headquartered in Tulsa including QuikTrip, ONEOK, Williams Companies and more. • The Tulsa Airport serves more than three million travelers annually, with nearly 80 departures per day. NEW 10-YEAR CORPORATE LEASE • Brand new 10-year corporate guaranteed NN Lease with Dollar Tree. • Tenant is responsible for taxes. Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof, Structure and Parking Lot. • The rent increases $0.50/SF in each of the Four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 23,000+ stores across 48 states and five Canadian provinces. • Family Dollar/Dollar Tree combo stores have experienced immediate success with 400 new stores in 2022 with plans for opening 600 more combo stores in 2023. • The Family Dollar Tree Combo stores are reporting 20% more same store sales compared to standalone Family Dollar Stores. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

Investment Highlights

  • New 10,500 SF Family Dollar Tree
  • Interstate Location (21,500 VPD)
  • Near Tulsa, OK Oil Capital Of The World
  • Opened March 2023
  • 10 Year Corporate Lease
  • Investment Grade Tenant 23,000+ Locations

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Discount

Family Dollar Tree

Listing Price: $1,832,000

Cap Rate
6.85%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
10,500
Lease Type
Double Net
Rent Per Square Feet
$11.95

Investment Highlights

  • New 10,500 SF Family Dollar Tree
  • Interstate Location (21,500 VPD)
  • Near Tulsa, OK Oil Capital Of The World
  • Opened March 2023
  • 10 Year Corporate Lease
  • Investment Grade Tenant 23,000+ Locations

Investment Overview

2023 NEW CONSTRUCTION FAMILY DOLLAR TREE • The subject property is a new construction 10,500 SF Family Dollar Tree located in Gore, OK. • The store opened, and rent commenced in March of 2023. INTERSTATE LOCATION (21,500 VPD) • This Family Dollar Tree is located off Interstate 40 (21,500 VPD) on Hwy 64 (4,000 VPD). • The 1 Mile Household income is over $85,000 which is superior to most Family Dollar Tree Locations. NEAR TULSA | OIL CAPITAL OF THE WORLD • This property is located 1 hour southeast of Tulsa off interstate 40 (21,500 VPD) on Hwy 64. Hwy 64 is the highway that connects Gore to Tulsa. • Tulsa is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. It is the principal municipality of the Tulsa metropolitan area, a region with 1,023,988 residents. • Tulsa is dubbed the Oil Capital of the World after oil was discovered in the region in 1901. • The Natural Gas and Oil Industry in Tulsa supports 389,000 total jobs across the state’s economy and generates $57.7 Billion toward the states GDP. • Multiple Fortune 500 Company are headquartered in Tulsa including QuikTrip, ONEOK, Williams Companies and more. • The Tulsa Airport serves more than three million travelers annually, with nearly 80 departures per day. NEW 10-YEAR CORPORATE LEASE • Brand new 10-year corporate guaranteed NN Lease with Dollar Tree. • Tenant is responsible for taxes. Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof, Structure and Parking Lot. • The rent increases $0.50/SF in each of the Four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 23,000+ stores across 48 states and five Canadian provinces. • Family Dollar/Dollar Tree combo stores have experienced immediate success with 400 new stores in 2022 with plans for opening 600 more combo stores in 2023. • The Family Dollar Tree Combo stores are reporting 20% more same store sales compared to standalone Family Dollar Stores. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

MM Texture Background
MM Textured Background Lower