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New Retail Store For Sale

500 S Main St, Fairfax, OK

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For Sale

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New construction retail property with long-term corporate lease.

Type:RETAIL

Property size:

10,500 SF

Lot size:

0.96 Acres

Price / SF:

$140/SF

HighLights

Brand new 10‑year corporate lease with Family Dollar and Dollar Tree combo store.
Limited competition - one of two discount/dollar stores within a 20‑mile radius.
Family Dollar / Dollar Tree combo stores average 20 percent more in sales.
Rental increases occur in each renewal option period.
New high quality 2024 construction with 20 year roof warranty.
Situated along Main Street, Fairfax’s primary thoroughfare.

We can help!

Listing Contact

Mark Ruble

For Sale

Contact for pricing

New construction retail property with long-term corporate lease.

Type:RETAIL

Property size:

10,500 SF

Lot size:

0.96 Acres

Price / SF:

$140/SF

Added:: Apr 2, 2024
Days on Market:: 811
Last Refresh:: May 20 at 8:59 pm

Property Features for 500 S Main St

General Information

Standard status: Active
Size: 10,500 SF
Lot size: 0.96 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Mark Ruble

Listing agent Mark Ruble License #(S):AZ:SA550593000,NV:S.0192964

Listing office Marcus & Millichap | Phoenix

Listing date Apr 2, 2024

Source Moodyscre

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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Phoenix

HighLights

Brand new 10‑year corporate lease with Family Dollar and Dollar Tree combo store.
Limited competition - one of two discount/dollar stores within a 20‑mile radius.
Family Dollar / Dollar Tree combo stores average 20 percent more in sales.
Rental increases occur in each renewal option period.
New high quality 2024 construction with 20 year roof warranty.
Situated along Main Street, Fairfax’s primary thoroughfare.

Overview

This retail property features a brand new, high-quality construction completed in 2024. It is currently under a 10-year corporate lease with a Family Dollar and Dollar Tree combo store. The lease includes rental increases during each renewal option period. The property benefits from a 20-year roof warranty. Situated along Main Street, the primary thoroughfare in Fairfax, Oklahoma, the location has limited competition, being one of only two discount/dollar stores within a 20-mile radius. Family Dollar/Dollar Tree combo stores average 20 percent more in sales than traditional Family Dollar locations. The property is within a 20-mile radius of 14,043 residents with an average household income exceeding $62,000. The property size is 10,500 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Fairfax Feed & Ranch Pet Store & Service

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Location Insight

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Local Demand

City: Fairfax
County: Osage
State: Oklahoma
Longitude: -96.7039
Latitude: 36.5652

What type of property is this?

Grocery and convenience store - New construction retail property with long-term corporate lease.

Where is this grocery and convenience store located?

The property is located at 500 S Main St Fairfax, OK.

What is the asking price?

The asking price for this property is $1,475,000.

What are key features of this property?

This property features: Brand new 10‑year corporate lease with Family Dollar and Dollar Tree combo store.; Limited competition - one of two discount/dollar stores within a 20‑mile radius.; Family Dollar / Dollar Tree combo stores average 20 percent more in sales.

500 S Main St, Fairfax, OK

New construction retail property with long-term corporate lease.

Property Features for 500 S Main St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

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