Dollar Tree – El Reno, OK
Fortis Net Lease is pleased to present this 10,000 SF Dollar Tree Store store located in El Reno, Oklahoma. The property is encumbered with a ten (10) year triple net lease, leaving minimal landlord responsibilities. The lease contains 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 Family Dollar Tree is highly visible as it is strategically positioned on an outlot to Walmart Supercenter on Country Rd. (which sees over 11,000 vehicles per day). The building is located just 1,100 feet from the highway which is one of two exits and leads to the city. The three-mile population is in excess of 20,300+ with the three-mile average household income at $59,873. These are above-average demographics for a Dollar Store. The five-mile average home value exceeds $112,000.
This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. The List price reflects a 6.25% cap rate based on NOI of $115,000.
• Brand New Featuring Prototype Construction | Corporate Lease
• 10-Year NNN Lease Requiring Minimal Landlord Responsibilities
• Five (5 Yr) Options | $0.50 Rental Rate Increase
• Investment Credit Tenant | Standard & Poor’s: ‘BBB’
• Three Mile Population in excess of 20,300+
• Three Mile Average Household Income $69,873
• Walmart Outlot | Excellent Traffic 11,000+ ( S Country Rd)
• Walmart’s Foot Traffic in Excess of 1.35 Million Customers Per Year!