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Family Dollar

3545 SE 15th St, Oklahoma City, OK 73115

Listing Price: $620,000

Cap Rate
8.85%
Tenant Name
Family Dollar
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$8.75

Investment Overview

The subject property is an 8,000-square-foot built-to-suit store, originally constructed in 2001. Family Dollar has been successfully operating at this location for over 23 years and has demonstrated continued commitment to this site by recently extending the lease term through December 31, 2030. The increased base rental amount of $77,000 annually increases the capitalization rate to 8.90% from January of 2026 through December of 2030. Additionally, there are two additional five-year renewal options, each featuring rental increases every five years. Family Dollar reimburses landlord for any increases in the cost of taxes, insurance and common area maintenance over the base year, not to exceed 103%.

Oklahoma City, the capital of Oklahoma, is centrally located within the state and home to over one million residents. The city is situated approximately 100 miles north of Dallas, Texas, 85 miles southwest of Tulsa, and 200 miles south of Wichita, Kansas. As one of the fastest-growing cities in America, the surrounding metropolitan area is projected to grow by 3.1 percent through 2027. Oklahoma City boasts a diverse economy with a strong presence of national defense companies such as Boeing and home to Tinker Air Force Base which is responsible for approximately 33,000 secondary employment opportunities. Oklahoma City is also well known for its strong employment sectors focusing on energy, aviation, and biotechnology. Residents and visitors can enjoy a variety of activities throughout the city, including theaters, museums, sporting events, festivals, and music venues year-round.

This site is conveniently located just 1 mile from Interstate-40 and has direct frontage along Southeast 15th Street, which benefits from over 12,000 vehicles passing the store each day. Furthermore, it is conveniently surrounded by many residential neighborhoods, providing for a built-in customer base. The immediate area features a robust population, with 9,443 residents within a 1-mile radius and over 156,000 residents within a 5-mile radius, making it an ideal location for any discount retailer.

Investment Highlights

  • Close Proximity To Interstate 40 Which Sees Over 85,000 Vehicles Per Day
  • Dense Residential Area-Over 62,000 Households in 5-Mile Radius
  • Growing Population of 3.1% Through 2027

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Listing Price: $620,000

Cap Rate
8.85%
Tenant Name
Family Dollar
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$8.75

Investment Highlights

  • Close Proximity To Interstate 40 Which Sees Over 85,000 Vehicles Per Day
  • Dense Residential Area-Over 62,000 Households in 5-Mile Radius
  • Growing Population of 3.1% Through 2027

Investment Overview

The subject property is an 8,000-square-foot built-to-suit store, originally constructed in 2001. Family Dollar has been successfully operating at this location for over 23 years and has demonstrated continued commitment to this site by recently extending the lease term through December 31, 2030. The increased base rental amount of $77,000 annually increases the capitalization rate to 8.90% from January of 2026 through December of 2030. Additionally, there are two additional five-year renewal options, each featuring rental increases every five years. Family Dollar reimburses landlord for any increases in the cost of taxes, insurance and common area maintenance over the base year, not to exceed 103%. Oklahoma City, the capital of Oklahoma, is centrally located within the state and home to over one million residents. The city is situated approximately 100 miles north of Dallas, Texas, 85 miles southwest of Tulsa, and 200 miles south of Wichita, Kansas. As one of the fastest-growing cities in America, the surrounding metropolitan area is projected to grow by 3.1 percent through 2027. Oklahoma City boasts a diverse economy with a strong presence of national defense companies such as Boeing and home to Tinker Air Force Base which is responsible for approximately 33,000 secondary employment opportunities. Oklahoma City is also well known for its strong employment sectors focusing on energy, aviation, and biotechnology. Residents and visitors can enjoy a variety of activities throughout the city, including theaters, museums, sporting events, festivals, and music venues year-round. This site is conveniently located just 1 mile from Interstate-40 and has direct frontage along Southeast 15th Street, which benefits from over 12,000 vehicles passing the store each day. Furthermore, it is conveniently surrounded by many residential neighborhoods, providing for a built-in customer base. The immediate area features a robust population, with 9,443 residents within a 1-mile radius and over 156,000 residents within a 5-mile radius, making it an ideal location for any discount retailer.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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