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Family Dollar

500 E Carl Albert Pkwy, McAlester, OK 74501

Listing Price: $800,000

Cap Rate
6.43%
Tenant Name
Family Dollar
Years Remaining On Lease
3.3
Guarantor
Corporate Guarantee
Rentable SF
7,015
Lease Type
Gross Lease
Rent Per Square Feet
$7.33

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Family Dollar a single-tenant property located at 500 East Carl Albert Parkway, McAlester, Oklahoma 74501. ? The subject property is comprised of 7,015 square feet, built-in 1996 on a moderate 21,000 square foot lot. The tenant has operated at this location for over 27 years. Family Dollar is located just off East Carl Albert Parkway which oversees ±12,800 Vehicles Per Day. The property is surrounded by national tenants and near McAlester Regional Health Center, a 153-bed public trust health care facility serving all of Pittsburg County. ? Family Dollar Stores, Inc. Operates general merchandise retail discount stores. Its products are categorized under consumables, home products, apparel and accessories, and seasonal and electronic products. The company’s consumables category products include household chemicals, paper products, food, health and beauty aids, hardware and automotive supplies, pet food and supplies. Its home products include domestics, which include blankets, sheets and towels, housewares, giftware, home décor. The company’s apparel and accessories category products include men’s, women’s, boys’ and girls, and infants’ clothing shoes and fashion accessories. Its seasonal and electronics products category include toys, stationery and school supplies, seasonal goods, personal electronics, which include pre-paid cellular phones and services. It has offices in China, Hong Kong, Luxembourg and the United States of America. Family Dollar Stores was founded by Leon Levine in November 1959 and is headquartered in Matthews, NC.

Investment Highlights

  • CORPORATE INVESTMENT GRADE TENANT: Guaranteed by Family Dollar Stores of Oklahoma, LLC ±8,200 Stores & ±60,000 Employees Nationwide
  • LONG TERM TENANCY: Family Dollar has been at this Location for 27 Years (Since 1994) Showing Market Strength
  • RECESSION RESISTANT / ESSENTIAL TENANT: Deemed Essential Business During COVID, Proving that Family Dollar is Recession & Pandemic Proof Concept

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Listing Price: $800,000

Cap Rate
6.43%
Tenant Name
Family Dollar
Years Remaining On Lease
3.3
Guarantor
Corporate Guarantee
Rentable SF
7,015
Lease Type
Gross Lease
Rent Per Square Feet
$7.33

Investment Highlights

  • CORPORATE INVESTMENT GRADE TENANT: Guaranteed by Family Dollar Stores of Oklahoma, LLC ±8,200 Stores & ±60,000 Employees Nationwide
  • LONG TERM TENANCY: Family Dollar has been at this Location for 27 Years (Since 1994) Showing Market Strength
  • RECESSION RESISTANT / ESSENTIAL TENANT: Deemed Essential Business During COVID, Proving that Family Dollar is Recession & Pandemic Proof Concept

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Family Dollar a single-tenant property located at 500 East Carl Albert Parkway, McAlester, Oklahoma 74501. ? The subject property is comprised of 7,015 square feet, built-in 1996 on a moderate 21,000 square foot lot. The tenant has operated at this location for over 27 years. Family Dollar is located just off East Carl Albert Parkway which oversees ±12,800 Vehicles Per Day. The property is surrounded by national tenants and near McAlester Regional Health Center, a 153-bed public trust health care facility serving all of Pittsburg County. ? Family Dollar Stores, Inc. Operates general merchandise retail discount stores. Its products are categorized under consumables, home products, apparel and accessories, and seasonal and electronic products. The company’s consumables category products include household chemicals, paper products, food, health and beauty aids, hardware and automotive supplies, pet food and supplies. Its home products include domestics, which include blankets, sheets and towels, housewares, giftware, home décor. The company’s apparel and accessories category products include men’s, women’s, boys’ and girls, and infants’ clothing shoes and fashion accessories. Its seasonal and electronics products category include toys, stationery and school supplies, seasonal goods, personal electronics, which include pre-paid cellular phones and services. It has offices in China, Hong Kong, Luxembourg and the United States of America. Family Dollar Stores was founded by Leon Levine in November 1959 and is headquartered in Matthews, NC.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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