Listing Agency: Marcus & Millichap | Phoenix Show Phone

Listed By: Mark Ruble · License #SA550593000 Show Phone

Source: Moodyscre

Added: Apr 2, 2024 Changed: Sep 17 Last Checked: Sep 21 at 8:00AM

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Investment Insights

Based on property information with market context.

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.

Key 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.

Property Analytics

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Current Use

Fairfax Feed & Ranch Pet Store & Service

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Furniture & Home Goods Dental Office Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

82

Businesses Nearby

4k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Phillips 66 Shops & Services

4,285 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

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 $1,300,000.

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.