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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
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
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
Building Size
10,500 SF
Building Class
C
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
C
Frontage
88’ on Piedmont Road North
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar Tree
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar Tree | Accommodation and Food Services | - | - | - |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| NW 178th St | Sunflower Rd NE, E | 3,107 | 2022 | 0.55 mi |
| NW 164th St | Piedmont Rd S, W | 1,593 | 2022 | 0.71 mi |
| NW 164th St | NW 7th St, E | 1,049 | 2022 | 0.73 mi |
| Washington Avenue Northwest | NW 7th St, E | 890 | 2019 | 0.74 mi |
| Washington Avenue East | Piedmont Rd S, W | 1,800 | 2019 | 0.75 mi |
| NW 178th St | Blugil Dr NE, E | 2,932 | 2022 | 0.87 mi |
| Piedmont Road North | Windmill Blvd, S | 4,100 | 2019 | 0.96 mi |
| Piedmont Rd N | Windmill Blvd, S | 3,977 | 2022 | 0.97 mi |
| Piedmont Rd S | NW 150th St, S | 5,374 | 2018 | 1.25 mi |
| NW 150th St | N Mustang Rd, E | 6,104 | 2022 | 1.61 mi |
NEARBY MAJOR RETAILERS
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
MAP
ADDITIONAL PHOTOS
Building Photo
Building Photo
Building Photo
Building Photo