Tenant: Family Dollar | Midwest City, OK Premises: 8,320 SF Renewal Options: 6 x 5 Years
Lease Expiration: 6/30/2028 Lease Type: NN Rental Increases: 5% at Options
Sands Investment Group is Pleased to Exclusively Offer For Sale the Family Dollar Net Lease Property Located at 6212 E Reno Avenue in Midwest City, Oklahoma.
Corporate Guaranteed Lease With ~9 Years Remaining
Upgraded Construction
5% Rental Increases at Each 6 x 5 Year Options
Site is 2-Miles From Interstate 40, Which Sees Over 94,678 Vehicles Per Day
7-Miles From Downtown Oklahoma City; Known For Having One of the Largest Livestock Markets, Active Oil Fields, Tinker Air Force Base and the U.S. Department of Transportation’s Mike Monroney Aeronautical Center (Which Houses Part of the FAA)
The Population Has More Than Doubled Between July 2017 (643,648) and the U.S. Census Bureau’s 2018 Estimation (1,396,445)
3-Miles North of Tinker Air Force Base – Home to Major Department Of Defense, Air Force and Navy Units With National Defense Missions and Serves Over 26,000 Civilian and Military Employees
Excellent Demographics With 64,479 Residents Within a 3-Mile Radius Making an Average Household Income of Over $54,039
Property is Located on Reno Avenue Which Sees Over 23,342 Vehicles Per Day
Just 6 Minutes to Interstate 35 Which Runs South Into Texas and Mexico and North Into Kansas and Iowa
Nearby Tenants Include: Conoco, Planet Fitness, Midwest City YMCA, Arby’s, Goodwill, Big Lots, T-Mobile, Ross Dress for Less, Taco Bell, Sonic, Wendy’s ALDI, NAPA Auto Parts, Applebee’s, Hobby Lobby, Academy, Home Depot and Walmart Supercenter
In Cooperation with JDS Real Estate Services, Inc.
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Tenant Overview
CHESAPEAKE, VA. July 6, 2015, Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores selling everything for $1 or less, announced that it has completed the acquisition of Family Dollar Stores, Inc., a leading national discount retailer offering name brands and quality, private brand merchandise. Dollar Tree, a Fortune 500 Company, now operates more than 15,273 stores across 48 states and five Canadian provinces. Stores operate under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada.
Family Dollar offers a compelling mix of merchandise for the whole family. Ranging from an expanded assortment of refrigerated and frozen foods and health and beauty items to home décor and seasonal items, Family Dollar offers the lowest possible price, the name brand and quality private-brand merchandise customers need and use every day. The average size of a Family Dollar store is approximately 7,000 square feet, and most stores are operated in leased facilities. This relatively small footprint allows the Company to open new stores in rural areas and small town, as well as in large urban neighborhoods. Within these markets, the stores are located in shopping centers or as free-standing building and all are convenient to the Company’s customer base.