Family Dollar
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

Robert Bender

Managing Partner

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PROPERTY ADDRESS

415 W 9th St., Weleetka, OK 74880

PROPERTY INFORMATION

Price:
$1,339,969
Cap Rate:
6.50%
Term Remaining:
14 Years
Year Built:
2016
Status:
Available

INVESTMENT HIGHLIGHTS

  • NNN Lease Zero Landlord Responsibilities
  • 15 Year Term | Six (5 Year) Options
  • Two Mile Household Income $38,088
  • Ten Mile Population Exceeds 6,500
  • Strong BB+ Grade Credit Rating
  • Ideal Family Dollar Demographics
  • Only Dollar Store in the City

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a brand new free-standing Family Dollar Store at 415 W. 9th Street, Weleetka, OK. This 15 year NNN lease will commence in June, 2016 when the store is scheduled to open and will expire in June, 2031. The lease requires no landlord responsibilities and has six, five year options with ten percent rent increases at the eleventh year and at each option.

This investment property is located just outside of downtown Weleetka on 9th (Main) Street. The subject property is located at the intersection of W. 9th Street and Osage Avenue where the daily vehicle count exceeds 1,500 cars.The median home value within ten miles is over $74,000. The population within a ten mile radius exceeds 6,100 residents and the average household income within a ten mile radius exceeds $48,000.