503 W 3rd St - Retail FOR SALE


Konawa, OK 74849
$1,386,000 USD
678-808-2762
503 W 3rd St, Konawa, OK for Sale
$1,386,000 USD
Retail - FOR SALE
1/3
null | 8.75% Cap Rate

503 W 3rd St
Konawa, OK 74849


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,386,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Near Oklahoma City

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,365 SF

ZONING

-

APN/PARCEL ID

1999-27-006-005-4-047-00,1999-27-006-005-4-051-00

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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

Don McMinnMarcus & MillichapMore Info
678-808-2762

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