Family Dollar Tree – Rush Springs, OK
Fortis Net Lease is pleased to present this 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Rush Springs, OK. The property is encumbered with a ten (10) year NN+ lease, leaving minimal landlord responsibilities. The lease contains four (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 Highway 81 (Which sees 6,000+ Cars Per Day). The building is located on the main retail artery leading into Rush Springs. The five-mile population is in excess of 2,500 with a three-mile average household income of nearly $68,000. These are above-average demographics for a Dollar Store.
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 6.60% cap rate based on NOI of $115,500.
INVESTMENT HIGHLIGHTS
• New Dual Tenant Concept | Brand New Lease
• 10-Year NN+ Lease Requiring Minimal Landlord Responsibilities
• Four – (5 Yr) Options | $0.50 Rental Rate Increase
• Located off of Highway 81 | Main Retail Artery
• Investment Credit Tenant | Standard & Poor’s: ‘BBB’
• Three Mile Average Household Income $67,615
• High Traffic Location | 6,027 VPD (Hwy 81)
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.