501 Rodeo Dr Comanche, OK 73529

Property Details for 501 Rodeo Dr

Year built

1985

Lot size

0.95 lot acres

Property size

10,711 SF

Property type

Outlet malls

APN

2099-20-02S-07W-2-001-00

APU

20992002S07W200100

Description

This exceptional investment opportunity presents a 10,500 square foot Family Dollar Tree store in Comanche, Oklahoma. Built in 2023 on a 1.15-acre lot at 501 Rodeo Dr, 73529, this property boasts a strong Net Lease (NN+) agreement with a credit-rated, corporate-guaranteed tenant. The lease, expiring July 31, 2033, offers a substantial remaining term of 8.7 years, with four 5-year options including rent bumps of 4.55%. The current annual net operating income (NOI) is $115,500, yielding an attractive 7.25% cap rate and a price per square foot of $151.71. The asking price is $1,593,000. This is a single-tenant property with a proven track record of success, as Family Dollar Tree combo stores demonstrate higher sales volume than non-co-branded stores. Dollar Tree, the parent company, holds a significant market position as the second-largest discount retailer in the US, with a strong credit rating and history of profitability, even during economic challenges. This property offers a secure, high-return investment with significant long-term potential.

Location Insight

City

Comanche

County

Stephens

State

Oklahoma

Longitude

-97.9638

Latitude

34.3737

CBSA code

20340

CBSA name

DUNCAN, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments