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FAMILY DOLLAR | WARR ACRES, OKLAHOMA

Purchase Price
$1,082,967
Location
5903 NW 63rd St
Cap Rate
7.75%
Annual Rent
$83,930.04
Building Size
8,320 SF
Land Area
1.01 Acres
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
3 Years
LEASE EXPIRATION
06/30/2028
Renewal Options
Four (4) - Five (5) Year
RENT INCREASES
9% at Options
Parking
35 Spaces
Year Built
2013
APN
189095010
Traffic Counts
33,500 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • 3 Years of Guaranteed Lease Term (Lease Exp: 06/30/2028)
  • Four (4) - Five (5) Year Option Periods with 9% Rental Increases
 

UPGRADED CONSTRUCTION:

  • Four Sided Brick
  • 2013 Construction
  • 8,320 SF Building on 1.01 Acre Parcel
 

NN+ LEASE:

  • Landlord Responsibilities Limited to Roof, Structure & Parking Lot (Concrete)
  • Tenant Responsible for Maintaining, Repairing & Replacement of HVAC Systems
  • Tenant Responsible for Maintaining the Landscaping (Including Mowing); Snow Plowing, Removing Trash & Debris from the Parking Area & Landscaped Areas
  • Tenant Responsible for Restriping the Parking Lot & Repairing Parking Area Lights
 

RELOCATION STORE :

  • Relocation of Inline Store
  • Tenant Required to Report Store Sales Annually
 

PROXIMITY FROM WARR ACRES, OKLAHOMA:

  • Oklahoma City, OK | 10 Miles
  • Norman, OK | 29 Miles
  • Tulsa, OK | 108 Miles
  • Wichita Falls, TX | 142 Miles
  • Wichita, KS | 163 Miles
  • Dallas, TX | 216 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population: 14,058 Residents
  • 1-Mile Average Household Income: $82,510
  • 3-Mile Population: 83,442 Residents
  • 3-Mile Average Household Income: $80,647
  • 5-Mile Population: 232,272 Residents
  • 5-Mile Average Household Income: $95,227

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