501 N Rodeo Dr - Freestanding FOR SALE


Comanche, OK 73529
$1,540,000 USD
248-419-3657
501 N Rodeo Dr, Comanche, OK for Sale
$1,540,000 USD
Freestanding - FOR SALE
1/11
null | 7.5% Cap Rate

501 N Rodeo Dr
Comanche, OK 73529


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 (Rodeo Dr) | Main Retail Artery
  • Investment Credit Tenant | Standard & Poor's: 'BBB'
  • High Traf?c Location | 4,721 VPD (Rodeo Dr)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,540,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

C2

APN/PARCEL ID

2099-20-02S-07W-2-001-00

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.