607 Fir St Perry, OK 73077
For Sale
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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.
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Family Dollar Discount Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.