Fortis Net Lease is pleased to present this 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Comanche, 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 classi?ed as investment grade.
This Store is highly visible as it is strategically positioned off of Highway 81 - Rodeo Dr (Which sees 4,700+ Cars Per Day). The building is located on the main retail artery leading into Comanche. The ?ve-mile population is in excess of 4,400 with a three-mile average household income of nearly $61,000. These are above-average demographics for a Dollar Store.
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. List price re?ects a 7.50% cap rate based on NOI of $115,500.