FAMILY DOLLAR | WARR ACRES, OKLAHOMA



INVESTMENT SUMMARY

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

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