Dollar Tree Storefront
New
For Sale
Contact for pricing
701 Piedmont Road North, Piedmont, OK 73078
Freestanding retail facility with an NN lease, established national tenancy, and direct visibility along Piedmont Road.
Property Size10,500 SF
Lot Size0.94 Acres
Price / SF$176.29
Days on Market7
Property Features for 701 Piedmont Road North
General Information
Standard status
Active
Size
10,500 SF
Total Parking Spaces
37
Lot size
0.94 Acres
Property subtype
Retail
Zoning
C
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$138,810
Additional Details
Road Access
Yes
Building Details
Year Built
2024
Tenancy
Single
Listing Agency:
Commercial Investment Advisors (CIA) Scottsdale
Listed By:
Justin Zahn · License #SA545840000
Source:
Crexi
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 11 at 7:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Investment Advisors (CIA) Scottsdale
Investment Insights
Based on property information with market context.
This 10,500-square-foot retail storefront was built in 2024 and occupies approximately 0.939 acres in Piedmont. Dollar Tree Stores, Inc. occupies the property under an NN lease with 8 years remaining on the initial 10-year term and renewal options that include scheduled rental escalations.
The property fronts Piedmont Road in the Northwest Oklahoma City MSA, where traffic counts exceed 10,120 CPD. Dollar General, Sonic Drive-In, and Subway are located less than 1/2 mile north. Additional retailers, including Walmart, Sam’s Club, Home Depot, Kohl’s, Target, Hobby Lobby, T.J. Maxx, Ross, PetSmart, Joann Fabrics, Five Below, and ALDI, are within 10 miles. The property is 17 miles from the University of Central Oklahoma Edmond, 20 miles from Oklahoma City University, and 13 miles from Mercy Hospital OKC.
The property fronts Piedmont Road in the Northwest Oklahoma City MSA, where traffic counts exceed 10,120 CPD. Dollar General, Sonic Drive-In, and Subway are located less than 1/2 mile north. Additional retailers, including Walmart, Sam’s Club, Home Depot, Kohl’s, Target, Hobby Lobby, T.J. Maxx, Ross, PetSmart, Joann Fabrics, Five Below, and ALDI, are within 10 miles. The property is 17 miles from the University of Central Oklahoma Edmond, 20 miles from Oklahoma City University, and 13 miles from Mercy Hospital OKC.
Key Highlights
- 10,500 SF retail storefront completed in 2024
- Approximately 0.939‑acre lot in Piedmont, OK
- Dollar Tree Stores, Inc. occupies the property under an NN lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$101,395
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,027,900
$2.0M
Cap Rate 7%
$1,448,500
$1.4M
Cap Rate 9%
$1,126,611
$1.1M
Market Conditions
NOI Build-Up for 10,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$151.2K $14.40/SF
− Vacancy
−$6.4K −$0.60/SF
EGI
$144.8K $13.80/SF
− OpEx
−$43.5K −$4.14/SF
NOI
$101.4K $9.66/SF
Area
Canadian County, OK
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,027,900
Cap Rate 7%
$1,448,500
Cap Rate 9%
$1,126,611
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,395 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,039 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73078, OK
12,069
Population
4,683
Households
2.6
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
64.9 sq mi
ZIP Area
186
Density / Sq Mi
$97,197
Median Household Income
$54,181
Median Earnings
$1,657
Median Rent
$288,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Country Elegance LLC1 — 1014 Pierce Ave NW, Piedmont, OK 73078
- Piedmont Dry Cleaners & Florist — 104 Piedmont Rd N, Piedmont, OK 73078
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail facility with an NN lease, established national tenancy, and direct visibility along Piedmont Road.
Where is this storefront property located?
The property is located at 701 Piedmont Road North Piedmont, OK.
What is the asking price?
The asking price for this property is $1,851,000.
What are key features of this property?
This property features: 10,500 SF retail storefront completed in 2024; Approximately 0.939‑acre lot in Piedmont, OK; Dollar Tree Stores, Inc. occupies the property under an NN lease
