16738 Highway 70 - Freestanding FOR SALE


Lone Grove, OK 73443
$762,666 USD
813-697-1255
16738 Highway 70, Lone Grove, OK for Sale
$762,666 USD
Freestanding - FOR SALE
1/5
null | 8.25% Cap Rate

16738 Highway 70
Lone Grove, OK 73443


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Double Net Lease
  • Corporate Lease
  • Investment Grade Credit
  • Strong Store Sales

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 16738 US Highway 70 in Lone Grove, Oklahoma (the “Property”). Family Dollar has occupied this build-to-suit location since 2006 and recently exercised their renewal option demonstrating their commitment to the site and the market. Family Dollar has 4+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option. Family Dollar is positioned at the intersection of Church Street and US Highway 70, the area’s primary commercial and commuter corridor. Situated in the center of Lone Grove, the Property benefits from outstanding visibility and frontage and is within 1-mile of the Lone Grove Municipal Buildings (Town Hall, Police Department, Fire Department and US Post Office) and the Lone Grove Schools (Primary, Intermediate, Middle and High School). Family Dollar, along with a Dollar General, serve as the primary shopping destinations within the town. Located in south-central Oklahoma, Lone Grove is 85 miles south of Norman, OK, 102 Miles South of Oklahoma City, OK and approximately 115 miles north of Dallas and Fort Worth, TX all via Interstate 35.

FOR SALE DETAILS

PRICE

$762,666 USD

PRICE/SF

$95 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

C1

APN/PARCEL ID

2000-00-051-006-0-001-00

ASK ABOUT THIS PROPERTY

Chris KingHorvath & TremblayMore Info
813-697-1255

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Chris KingHorvath & TremblayMore Info
813-697-1255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.