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DOLLAR TREE (AFFLUENT DEMOS) – PIEDMONT, OK 701 Piedmont N Rd 10,500 SF Retail Building Piedmont, OK 73078 $1,851,000 ($176.29/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

Brand new 10-year NN* lease with $0.50 PSF rental escalations every 5 years in renewal options.
Brand new, build-to-suit construction to Dollar Tree’s latest prototype (10,000 SF) - opened August 2024
Traffic counts exceed 10,120 CPD!

Dollar Tree Stores, Inc. (NASDAQ: DLTR | S&P Credit Rating: BBB | Moody’s Rating: Baa2 | a Fortune 500 Company) operated 16,340 stores
Positioned on a ±0.939-acre lot in a growing area of Northwest Oklahoma City MSA with excellent drive-by visibility/access on Piedmont Rd
2023 DEMOGRAPHICS: Total Population (5-MI): 147,925 | Average Household Income (1-MI): $110,259

EXECUTIVE SUMMARY

(Building & Land) Fee Simple
In Association with Designated Broker:
Brian Brockman – Broker
License #: 177814
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Convenience Store

Building Size

10,500 SF

Building Class

Year Built

2024

Price

$1,851,000

Price Per SF

$176.29

Cap Rate

7.50%

NOI

$138,810

Tenancy

Single

Building Height

1 Story

Building FAR

0.26

Lot Size

0.93 AC

Zoning

Frontage

88’ on Piedmont Road North

AMENITIES

Signage

Air Conditioning

MAJOR TENANTS

Dollar Tree
Accommodation and Food Services
-
-
-

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF			LEASE END
Dollar Tree	Accommodation and Food Services	-	-			-

PROPERTY TAXES

Parcel Number	090037086	Improvements Assessment	$11,015
Land Assessment	$7,862	Total Assessment	$18,877

PROPERTY TAXES

Parcel Number

090037086

Land Assessment

$7,862

Improvements Assessment

$11,015

Total Assessment

$18,877

Listing ID: 34380678
Date on Market: 7/16/2024
Last Updated:
Address: 701 Piedmont N Rd, Piedmont, OK 73078

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