Dollar Tree – Harrah, OK

$1,813,017
Price
$109,687
Noi
6.05%
Cap Rate
9,750
Leasable Area
2021
Year Built

Fortis Net Lease is pleased to present this 9,750 SF Dollar Tree store located in Harrah, OK. The property is encumbered with a ten (10) year triple net lease, leaving minimal landlord responsibilities. The lease contain Three (5) year options to renew, each with a $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 S Harrah Rd (which sees over 6,500 vehicles per day). The building is located on a main artery leading to Harrah. The five mile population is nearly 26,000 with the two mile average household income at $81,929. These are above-average demographics for a Dollar Store. The two mile average home value exceeds $164,000.

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. List price reflects a 6.05% cap rate based on NOI of $109,687.50.

**Braums Sewer Easement to be removed prior to closing.**

INVESTMENT HIGHLIGHTS
• Brand New Featuring Prototype Construction
• 10 Year NNN Lease Requiring Minimal Landlord Responsibilities
• Three (5 Yr) Options | $0.50 Rental Rate Increase
• 6,500+ Vehicles Per Day on S Harrah Rd
• Investment Credit Tenant | Standard & Poor’s: ‘BBB-‘
• Five Mile Population of Nearly 26,000
• Two Mile Average Household Income $81,929
• Dollar Tree Out Positions Other Retailers in Market

Instate Broker of Record: Brian Brockman | Bang Realty, Inc.

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

ANDREW BENDER

Investment Advisor

Corey Bunch

Investment Advisor

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