DOLLAR TREE (AFFLUENT DEMOS) – PIEDMONT, OK
Retail | 7.50% CAP | 10,500 SqFt
Marketing description
Dollar Tree has a 8 years remaining on Lease with $0.50 PSF rental escalations every 5 years in renewal options. The Tenant, Dollar Tree Stores, Inc. (NASDAQ: DLTR | S&P Credit Rating: BBB | Moody’s Rating: Baa2 | a Fortune 500 Company) operated more than 9,200 stores and 19 distribution centers across 48 contiguous states and 7 Canadian provinces under Dollar Tree & Dollar Tree Canada brand names as of May 14, 2026.
The Asset is 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 where traffic counts exceed 10,120 CPD! Dollar General, Sonic Drive-In & Subway are less than 1/2 a mile north of the Property - the closest retailers such Walmart, Sam’s Club, Home Depot, Kohl’s, Target, Hobby Lobby, T.J. Maxx, Ross, PetSmart, Joann Fabrics, Five Below & ALDI are 10 miles from the Property. It is 17 miles from University of Central Oklahoma Edmond - a public university in Edmond - the 3rd largest university in Oklahoma, offers numerous undergraduate & graduate programs with a total of 12,148 students (Fall 2023); 20 miles from Oklahoma City University OKC - a private university offering a variety of undergraduate bachelor’s degrees, graduate master’s degrees & doctoral degrees, organized into 8 colleges & 1 Methodist seminary with over 2,300 students; 13 miles from Mercy Hospital OKC - a general medical & surgical hospital with 385 licensed beds, 2,995 hospital-based co-workers & 245 physicians.
Investment highlights
- CORPORATE GURANTEED LEASE: 8 years remaining on initial 10-yr lease with $0.50 PSF rental escalations every 5 years in renewal options
- TENANT | OPERATOR: Dollar Tree Stores, Inc. (NASDAQ: DLTR | S&P Credit Rating: BBB | Moody’s Rating: Baa2 | a Fortune 500 Company) operated more than 9,200 stores and 19 distribution centers across 48 contiguous states and 7 Canadian provinces under Dollar Tree & Dollar Tree Canada brand names as of May 14, 2026.
- BRAND NEW CONSTRUCTION: Brand new, build-to-suit construction to Dollar Tree’s latest prototype (10,000 SF) - opened August 2024.
- TRAFFIC COUNTS: HIGH TRAFFIC COUNTS/VISIBILITY - 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 where traffic counts exceed 10,120 CPD!
- 2025 VERY AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 27,633 | Average Household Income (1-MI): $130,283
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