3545 15th St, Del City, OK 73115-4905
- Retail space
- 7,810 SF
- 1.00 lot acres
Current Use by Public Records
- Retail space
Property Details for 3545 15th St
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 1.00 lot acres
- Property type
- Retail space
- APN
- 15-400-7600
- APU
- 154007600
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 13, 2025 | — | Ranger Properties LLC | — | Deed · related | $448k · Cadence Bank NA |
| Jan 25, 2001 | $43,500 | Hinkle Services INC | Waip LLC | Grant Deed | $350k · Legacy Bank |
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Del City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.4506
- Latitude
- 35.4503
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
