For Sale
$2,321,000

12323 Pennsylvania Ave Oklahoma City, OK 73170

Brand new, 10,000 SF Dollar Tree, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a brand-new, 10,000-square-foot Dollar Tree located in Oklahoma City, Oklahoma, at 12323 S Pennsylvania Ave, zip code 73170. The property sits on a 1.55-acre lot and boasts upgraded construction, featuring hard panels instead of metal siding, representing a superior build compared to other Dollar Tree locations. Secured by a 10-year net lease with a corporate guarantee from Dollar Tree Inc. (NYSE: DLTR), a Fortune 500 company with an investment-grade credit rating of BBB (Stable outlook from Standard & Poor's), this offering provides exceptional financial stability. The lease commenced February 1st, 2025, and includes four, five-year renewal options with 10% rent bumps. The property generates a strong net operating income (NOI) of $162,500, resulting in a 7.00% cap rate. This prime location benefits from a dense population

Highlights

  • Brand-new, 10,000-square-foot Dollar Tree in Oklahoma City, OK.
  • Located on a 1.55-acre lot at 12323 S Pennsylvania Ave, zip code 73170.
  • Features upgraded construction with hard panels.
  • Secured by a 10-year net lease with four, five-year renewal options and 10% rent bumps.
  • Corporate guarantee from Dollar Tree Inc. (NYSE: DLTR), investment-grade credit rating (BBB).
  • Strong NOI of $162,500 and a 7.00% cap rate.

Property Details for 12323 Pennsylvania Ave

Property type
Retail properties, Retail space
Square Feet
10,000 SF
Year Built
2024
Lot Size (sq. ft)
67,518 SF

Location Insight

City
Oklahoma City
County
Cleveland
State
Oklahoma
Latitude
35.344637371832
Longitude
-97.547693671958

FAQs

What type of property is this?
Retail property - Brand new, 10,000 SF Dollar Tree, strong lease.
Where is the retail property located?
The property is located at 12323 Pennsylvania Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,321,000.
What are key features of this property?
This property features: Brand-new, 10,000-square-foot Dollar Tree in Oklahoma City, OK.; Located on a 1.55-acre lot at 12323 S Pennsylvania Ave, zip code 73170.; Features upgraded construction with hard panels.
How can I contact the broker?
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12323 Pennsylvania Ave
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