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33918387
33918386

503 W THIRD ST, KONAWA, OK 74849

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$1,386,000
6 days on market
Updated 3 days ago

Family Dollar | Near Oklahoma City

Details
APN 1999-27-006-005-4-047-00
Property Type Retail
Sub Type Discount, Dollar store
Square Footage 10,500
Units 1
Cap Rate 8.75%
NOI $121,275
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 10
Lease Expiration 09/29/2033
Remaining Term 7.2
Rent Bumps Yes
Lease Options Five - 5 Year Options
Year Built 2023
Stories 1
Acreage 1.410
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/31/2023
Ground Lease No

Attractive 8.75% Return

Investment highlights

LOW PRICE POINT DEAL WITH ATTRACTIVE 8.75% RETURN

• This opportunity has a lower price point of $1.3M with a 8.75% return.

NEAR OKLAHOMA CITY | CAPITAL & MOST POPULOUS CITY IN THE STATE

• This Family Dollar is located about an hour southeast of downtown Oklahoma City.

• Oklahoma city is the capital and most populous city in Oklahoma with a population of 681,065.

• Oklahoma City has one of the world’s largest livestock markets. Oil, natural gas, petroleum products, and related

industries are its economy’s largest sector.

• The city is headquarters to two Fortune 500 companies: Expand Energy and Devon Energy as well as being home to Love’s

Travel Stops & Country Stores, which is ranked thirteenth on Forbes’ list of private companies.

• Approximately 23.2 million visitors contributed $4.3 billion to Oklahoma City’s economy. These visitors directly spent $2.6

billion, sustained nearly 34,000 jobs, and generated $343 million in state and local taxes

2024 CONSTRUCTION FAMILY DOLLAR | 10 YEAR CORPORATE LEASE

• Family Dollar signed a new 10 year lease in 2023. There are approximately 7.5 years remaining on the corporate lease.

• There are $0.50 per square-foot rent increases every 5 years in each option period.

• The Tenant is responsible for Routine Parking Lot Maintenance, HVAC, Landscaping, Taxes, Insurance, and Utilities.

• There are limited landlord responsibilities that include Roof, Structure, and parking lot.

NATIONALLY RECOGNIZED TENANT WITH OVER 7,000 LOCATIONS

• Family Dollar is a private, standalone entity following its strategic 2025 divestiture from Dollar Tree, Inc. The brand now

operates with the institutional backing of Brigade Capital Management and Macellum Capital Management, focusing

exclusively on its high-growth “small-box” retail model.

• The company operates a massive national network of 7,000+ locations across 48 states and the District of Columbia,

serving as a vital provider of essential goods in urban and rural markets where larger competitors have a limited footprint.

• With 67 years of operational history and 2024 net sales of $13.3 billion, Family Dollar remains a recession-resilient tenant.

Its mission-critical retail model drives consistent consumer demand and predictable cash flow for property owners.

Listing Contacts

DM
GA 292036, NC LC444 (+1)
Marcus & Millichap - Atlanta
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,275.00
$10,106.25/mo

Valuation Metrics

0
DSCR
8.75%
Cap Rate
8.75%
ROI

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Additional Information

Name
Tim Speck
License
OK 149994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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