817 12Th St Moore, OK 73160
- Retail properties
Current Use by Public Records
- SGI-USA / Religious Organization
- Family Dollar / Discount Supermarket / School Supply Store
Property Details for 817 12Th St
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This 8,320-square-foot freestanding Family Dollar store in Moore, Oklahoma, presents a compelling investment opportunity. Built in 2019 and boasting a 7.50% cap rate and $85,000 NOI, the property benefits from a corporate-guaranteed, single-tenant lease with a remaining term of 6.5 years. The lease, commencing March 31, 2019, and expiring March 30, 2029, includes six five-year renewal options with built-in rent bumps. The property is situated on NW 12th Street, a high-traffic area with over 32,000 vehicles daily, in a rapidly growing suburb of Oklahoma City. Its proximity to downtown Oklahoma City, Will Rogers International Airport, and Tinker Air Force Base further enhances its desirability. The tenant, Family Dollar, is responsible for all taxes, insurance, and maintenance expenses (NNN). This renovated property offers a secure, long-term investment with significant upside potential due to the lease terms and location in a densely populated area. The asking price is $1,134,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moore
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.5051
- Latitude
- 35.3488
