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Property profile & analytics
FOR SALE
Outlet malls

607 Fir St Perry, OK 73077

11,058 SF 0.75 ac lot Built 1935
Entity Owned 4-yr Hold
Property ID
US69-2199727
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a 10,500-square-foot retail property in Perry, Oklahoma. The building, constructed in 2022, is currently 100% occupied by a dual-branded Family Dollar/Dollar Tree store under a single, absolute NNN lease. The lease boasts a remaining term of eight years, with five five-year renewal options, each including a $0.50 per square foot rental escalation. This translates to a substantial net operating income (NOI) of $119,490, yielding an attractive 7.75% cap rate. The property sits on a 0.75-acre lot, strategically located on Fir Street, just off the highly trafficked intersection of US 77 and US 64, boasting 4,960 cars per day passing by. The strong demographics of the area, with a total population of 129,276 and an average household income of $89,825, further enhance the investment potential. The property is zoned C and features a single-story building. Dollar Tree, a Fortune 200 company with strong credit ratings (S&P BBB, Moody's Baa2), provides exceptional tenant stability. This is a rare opportunity to acquire a high-performing, net-leased retail asset with significant long-term growth potential. The asking price is $1,542,000.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1935
Total area 11,058 SF
Lot 0.75 ac (32,496 SF)
APN 1220-00-064-025-0-001-00
UPID US69-2199727
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Jst Investments LLC · 4 yrs held
Jst Investments LLC
since 2022
Last sale
$176,000
2 recorded transactions
2022
$176,000
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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