Dollar Tree – Moore, OK
Fortis Net Lease is pleased to present this built to suit 10,000 SF Dollar Tree store located in Moore, OK. The property is encumbered with a Ten (10) Year triple net lease, leaving minimal landlord responsibilities. The lease contain Six (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 Store is highly visible as it is strategically positioned off of S Eastern Ave (which sees over 13,600 vehicles per day). The building is located just one block east of I-35 (Major Highway) and less than 1 Mile from the center of the city of Moore. The three mile population is over 73,000 with the three mile average household income of$79,940. These are above-average demographics for typical new dollar store.
This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant. List price reflects a 6% cap rate based on NOI of$130,000.
• Brand New Built to Suit | Corporate Lease
• Huge Traffic Generators | Less than 1 Mile From Downtown
• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
• Six (5 Yr) Options | $0.50 Rental Rate Increase
• Located on Main Retail Artery Leading into Downtown Moore
• Investment Credit Tenant | Standard & Poor’s: ‘BBB-‘
• Traffic Count in Excess of 13,600+
• Three Mile Average Household Income $79,940
• The Store Out Positions Other Retailers in Market | High Traffic Counts
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.