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    New Dollar Tree Investment Property Title is generated by Realmo AI

    701 Piedmont Road North, Piedmont, OK 73078

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    New construction Dollar Tree with 10-year lease in Piedmont.

    Type:Retail
    Property size:
    10,500 SF
    Lot size:
    0.94 Acres
    Price / SF:
    $176/SF
    Added:
    May 20, 2026
    Days on Market:
    11
    Last Refresh:
    May 21 at 7:30 am

    Property Features for 701 Piedmont Road North

    General Information

    Standard status
    Active
    Size
    10,500 SF
    Lot size
    0.94 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Justin Zahn

    Listing agent Justin Zahn License #SA545840000

    Listing office Commercial Investment Advisors (CIA) Scottsdale

    Listing date May 20, 2026

    Source Crexi

    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

    HighLights

    • Brand new 10‑year lease with Dollar Tree Stores, Inc., a Fortune 500 company.
    • Brand new, build‑to‑suit 10,000 SF construction (opened August 2024) to Dollar Tree’s latest prototype.
    • Rental escalations of $0.50 PSF every 5 years in renewal options.
    • Located in a growing area of Northwest Oklahoma City MSA with high visibility and access on Piedmont Rd (10,120 CPD).
    • Positioned on a ±0.939‑acre lot.
    • Proximity to other retailers like Dollar General, Sonic Drive‑In & Subway.

    Overview

    This property features a brand new, build-to-suit construction for Dollar Tree's latest prototype, encompassing 10,000 square feet. Opened in August 2024, the Dollar Tree has a new 10-year lease with rental escalations of $0.50 per square foot every 5 years in renewal options. Dollar Tree Stores, Inc. (NASDAQ: DLTR), a Fortune 500 company with a S&P Credit Rating of BBB and Moody’s Rating of Baa2, operates 16,340 stores as of January 28, 2023. Positioned on a 0.939-acre lot in a growing area of Northwest Oklahoma City MSA, the property benefits from excellent drive-by visibility and access on Piedmont Rd, where traffic counts exceed 10,120 cars per day. The property is located less than half a mile from Dollar General, Sonic Drive-In, and Subway. It is 17 miles from the University of Central Oklahoma Edmond, which has 12,148 students, 20 miles from Oklahoma City University OKC, which has over 2,300 students, and 13 miles from Mercy Hospital OKC, which has 385 licensed beds.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $151.2k $14.40
    − Vacancy −$6.4k −$0.60
    EGI $144.8k $13.80
    − OpEx −$43.5k −$4.14
    NOI $101.4k $9.66
    10,500 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,395 @ 7.0% cap · market cap 5.48%
    Second Best
    Specialty Retail
    $970.0K
    $848.7K – $1.13M (±1% cap)
    NOI $67,898 @ 7.0% cap · market cap 3.67%
    Theoretical Best
    Office A
    $2.29M
    $2.00M – $2.67M (±1% cap)
    NOI $160,039 @ 7.0% cap · market cap 8.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Innovative Dairy Products — Piedmont, OK 73078

    Location Insight

    • Map
    • Local Demand
    City
    Piedmont
    County
    Canadian
    State
    Oklahoma
    Longitude
    -97.745301
    Latitude
    35.641844

    Nearby Similar for Sale

    • $800,000
      8,640 SF

      Piedmont Commercial Building on Acreage

      Business-ready facility suitable for lab, grow, or food processing.
      5900 Moffat Road Northeast, Piedmont, OK
      View Details
    • $1,851,000
      10,500 SF

      New Dollar Tree Investment Opportunity

      New 10-year NN lease with rental escalations.
      701 Piedmont Rd N, Piedmont, OK
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - New construction Dollar Tree with 10-year lease in Piedmont.
    Where is this grocery and convenience store 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: Brand new 10‑year lease with Dollar Tree Stores, Inc., a Fortune 500 company.; Brand new, build‑to‑suit 10,000 SF construction (opened August 2024) to Dollar Tree’s latest prototype.; Rental escalations of $0.50 PSF every 5 years in renewal options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Zahn
    Real Estate License ID: SA545840000
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    701 Piedmont Road North, Piedmont, OK 73078
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