Skip to main content

Discount

Family Dollar

3400 N Kelley Ave, Oklahoma City, OK 73111

Listing Price: $1,100,000

Cap Rate
6.17%
Tenant Name
Family Dollar Stores of Oklahoma, Inc.
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
9,200
Lease Type
Double Net
Rent Per Square Feet
$7.37

Investment Overview

Marcus & Millichap is pleased to present Family Dollar, a rare opportunity for an investor to purchase a truly iconic brand and location in the market of Oklahoma City, OK. This NN lease has a corporate guarantee with 8,200 locations nationwide and over 5 years remaining on the base term of the lease. This location has been operating in this market since 2006 which shows their commitment to the location and long-term sustainability as an investment. The subject property is surrounded by a population of over 146,000 and household income of over $66,000. The Oklahoma City area is a dense up and coming market and home to two Fortune 500 companies in the energy industry. This region ranks among the Nation's top 10 in compressed natural gas and wind energy.

Investment Highlights

  • Over 5 Years Remaining on the Base Lease Term
  • Corporate Credit Grade Guarantee | S&P Rated: BBB
  • The Dollar and Variety Store Industry Thrives in a Recession Due to the Increasing Proportion of Price Sensitive Domestic Consumers
  • This Location Has Been Operating in This Market Since 2006 Which Shows Their Commitment to This Location and Long-Term Sustainability as an Investment
  • This Site Has 3 Points of Access With Ingress/Egress From All Sides of Traffic
  • Containing 1.4 Million Residents, the Oklahoma City Metro Is Expected To Add 68,000 People Over the Next Five Years
  • Population Within 5 Miles: 146,809
  • Household Income Within 3 Miles: $66,003

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Listing Price: $1,100,000

Cap Rate
6.17%
Tenant Name
Family Dollar Stores of Oklahoma, Inc.
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
9,200
Lease Type
Double Net
Rent Per Square Feet
$7.37

Investment Highlights

  • Over 5 Years Remaining on the Base Lease Term
  • Corporate Credit Grade Guarantee | S&P Rated: BBB
  • The Dollar and Variety Store Industry Thrives in a Recession Due to the Increasing Proportion of Price Sensitive Domestic Consumers
  • This Location Has Been Operating in This Market Since 2006 Which Shows Their Commitment to This Location and Long-Term Sustainability as an Investment
  • This Site Has 3 Points of Access With Ingress/Egress From All Sides of Traffic
  • Containing 1.4 Million Residents, the Oklahoma City Metro Is Expected To Add 68,000 People Over the Next Five Years
  • Population Within 5 Miles: 146,809
  • Household Income Within 3 Miles: $66,003

Investment Overview

Marcus & Millichap is pleased to present Family Dollar, a rare opportunity for an investor to purchase a truly iconic brand and location in the market of Oklahoma City, OK. This NN lease has a corporate guarantee with 8,200 locations nationwide and over 5 years remaining on the base term of the lease. This location has been operating in this market since 2006 which shows their commitment to the location and long-term sustainability as an investment. The subject property is surrounded by a population of over 146,000 and household income of over $66,000. The Oklahoma City area is a dense up and coming market and home to two Fortune 500 companies in the energy industry. This region ranks among the Nation's top 10 in compressed natural gas and wind energy.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

MM Texture Background
MM Textured Background Lower