Dollar Tree Center – Atoka, OK
Fortis Net Lease is pleased to present this 12,000 SF Dollar Tree anchored strip center, and 1 Acre of Land, located in an opportunity zone on U.S 69 in Atoka, OK. The Center Asset is encumbered with three triple net leases, leaving minimal landlord responsibilities. The Dollar Tree lease contains three (3) five (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-” which is classified as investment grade.
This Dollar Tree is highly visible as it is strategically positioned on US 69 with over 22,200 vehicles per day. The five-mile population exceeds 6,400 residents with the average household income exceeding $50,200. Some near by tenants include Ford, Taco Bell, O’reilly Auto Parts, Comfort Inn & Suites, Chili’s Bar & Grill, McDonald’s and Dairy Queen among many others.
This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 7.50% cap rate based on NOI of $162,000.
• Brand New Construction Featuring Modern Prototype
• 1 Acre of Ready to Develop Land – Located In An Opportunity Zone
• 10 Year Dollar Tree NNN Lease Requiring Minimal Landlord Responsibilities
• Abundant Daily Traffic with over 22,200 Cars Per Day Passing the location
• Investment Credit Tenant | Standard & Poor’s: ‘BBB-‘
• Three (3), 5-Year Options with $0.50 PSF Rent Increase (Dollar Tree)
• Ideal Dollar Store Surrounding Demographics
• Dollar Tree Out Positions Other Retailers in Market
• Concrete Parking Lot
Instate Broker of Record: Avery Murrah | Stroudlink Realty Services | License #9004477