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34384265
34384218

306 E Poplar Street, Fort Gibson, OK 74434 For Sale

JB
TX 688810
Matthews
Listed by Matthews
$1,661,471
7 days on market
Updated 7 days ago

Family Dollar | 8.50% Cap | Muskogee OK

Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 10,500
Cap Rate 8.5%
NOI $141,225
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+2)
Lease Type NN+
Lease Term 10
Lease Expiration 03/31/2034
Remaining Term 7.8
Rent Bumps Yes
Lease Options Four, 5-Year Options
Class B
Year Built 2024
Acreage 2.170
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/07/2024
Ground Lease No
Ownership Fee Simple

2024 Construction | Avg HH Income $91k Annually

Marketing description

Fort Gibson, Oklahoma is positioned within the Muskogee Micropolitan Statistical Area, with convenient access to the Tulsa Metropolitan Statistical Area approximately 54 miles to the northwest. This location allows the community to benefit from regional connectivity and employment access while maintaining the advantages of a smaller, more cost-efficient setting. Muskogee serves as the primary hub for day-to-day employment, services, and commerce, supporting the local population and reinforcing stable demand patterns.

The area's demographic profile reflects a mix of workforce households, retirees, and families, contributing to consistent occupancy across residential and commercial asset types. Fort Gibson Lake and surrounding recreational amenities enhance quality of life and support both resident retention and visitor activity. Connectivity via U.S. Highway 62 provides efficient access to surrounding communities and regional job centers, positioning Fort Gibson as a stable, accessible market with limited supply and dependable long-term fundamentals.

Investment highlights

  • Extremely attractive 8.50% return for a stabilized deal
  • New 2024 build-to-suit construction for Family Dollar
  • ±8 Years remaining on the base term of an original 10-Year lease
  • Corporate guarantee from Family Dollar
  • Average household income exceeds $91,955 annually within a 5 mile radius
  • 50,981 residents within a 10-mile radius
  • Fort Gibson is located 10-miles East of Muskogee
  • In 2025, Family Dollar was acquired by private equity investors (Brigade Capital Management, Macellum Capital Management, and partners) in a ~$1.0B transaction to reposition the brand as a standalone retailer, separate from Dollar Tree. The new ownership is focused on operational turnaround, brand reinvestment, and portfolio optimization.
  • Now operating independently, Family Dollar benefits from fresh capital and experienced retail leadership, supporting store upgrades and improved execution. Its value-oriented model and strong community presence position it as a resilient tenant with long-term growth potential.
  • With 8,000+ U.S. locations, Family Dollar offers broad access to essential grocery and household goods. Its neighborhood-focused footprint supports convenient, quick-trip shopping for budget-conscious consumers.

Listing Contacts

JB
TX 688810
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$141,225.00
$11,768.75/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Kyle Matthews
License
180760
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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