3545 15th St Del City, OK 73115-4905

Property Details for 3545 15th St

Year built

2001

Construction

STEEL FRAME

Lot size

1.00 lot acres

Property size

7,810 SF

Property type

Retail space

APN

15-400-7600

APU

154007600

Description

This 8,000-square-foot Family Dollar store in Oklahoma City, OK, presents a compelling net lease investment opportunity. Located at 3545 SE 15th St, 73115, this fee-simple property boasts a strong 6.1-year remaining lease term (expiring 12/30/2030), with two five-year renewal options. The current annual rent is $77,000, yielding a 7.95% cap rate, projected to increase to 9.08% from January 2026 due to built-in rent bumps. The property benefits from a 100% occupancy rate since its construction in 2001, demonstrating the tenant's long-term commitment. Family Dollar reimburses the landlord for increases in taxes, insurance, and common area maintenance (up to 103% of base year costs). The property sits on a prime location, one mile from Interstate-40, with over 12,000 vehicles passing daily. Surrounded by residential neighborhoods, it enjoys a robust population base: 9,443 residents within a 1-mile radius and over 156,000 within a 5-mile radius. Oklahoma City's strong economy, fueled by sectors like defense, energy, aviation, and biotechnology, and its projected 3.1% population growth through 2027, further enhance the investment's appeal. The asking price is $620,000, offering a pro-forma cap rate of 8.90%. This is a rare opportunity to acquire a stable, long-term net lease investment in a thriving metropolitan area.