120 E Main St - Retail FOR SALE


Canton, OK 73724
$1,425,200 USD
248-419-3657
120 E Main St, Canton, OK for Sale
$1,425,200 USD
Retail - FOR SALE
1/5
null | 7.5% Cap Rate

120 E Main St
Canton, OK 73724


HIGHLIGHTS

  • Combination Store | Family Dollar & Dollar Tree | 20% increase in revenue
  • Brand New Featuring Prototype Construction
  • 10-Year NNN Lease Requiring Minimal Landlord Responsibilities
  • Four (5 Yr) Options | $0.50 Rental Rate Increase
  • Investment Credit Tenant | Standard & Poor's: 'BBB'
  • Family Dollar Tree Out Positions Other Retailers in Market | Main Thoroughfare!

OVERVIEW

Fortis Net Lease is pleased to present this 10,500 SF Family Dollar Tree Combo Store store located in Canton, Oklahoma. The property is encumbered with a ten (10) year triple net 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 Family Dollar Corporation which holds a credit rating of “BBB” which is classi?ed as investment grade. This Family Dollar Tree is highly visible as it is strategically positioned off of Main St (which sees over 2,800 vehicles per day). The building is located on a main retail artery in Canton. The ten-mile population is in excess of 2,100 with the two-mile average household income at $69,873. These are above-average demographics for a Dollar Store. The ?ve-mile average home value exceeds $80,000. This investment will offer a new owner success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. The List price re?ects a 7.50% cap rate based on NOI of $106,890.

FOR SALE DETAILS

PRICE

$1,425,200 USD

PRICE/SF

$136 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,520 SF

ZONING

C1

APN/PARCEL ID

0400-00-027-018-0-000-00

ASK ABOUT THIS PROPERTY

Andrew BenderFortis Net LeaseMore Info
248-419-3657

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Andrew BenderFortis Net LeaseMore Info
248-419-3657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.