Main Street, Weleetka, OK
Retail for Sale - $1,329,740 - 8,320 Sq. Ft. on 1.03 acres
Property Info
| CIMLS# | 913533 |
| Location Main Street Weleetka OK 74880 | |
| Updated | July 16th, 2017 |
| Type | Retail |
| Price | $1,329,740 |
| Building | 8,320 Sq. Ft. |
| Land | 1.03 acres |
Property Description
KW Net Lease Advisors is pleased to present the opportunity to acquire a Brand New, Absolute Net Leased, Corporately Guaranteed, Single-Tenant Family Dollar in Weleekta, Oklahoma. With construction finishing in July, Family Dollar is set to start paying rent August 2016. Family Dollar is operating under a 15-Year NNN Lease that features an attractive 10% rent increase built into the primary term. The lease also features 3 (5) Year options with 10% increases at each option.
Location Description:
Weleekta, Oklahoma is a strategic location for this Family Dollar and will have complete market share of the retail area. The site sits along Highway 75 and is 60 miles South of Tulsa.
Highlights:
>> New Development 15-Year Absolute Net Lease
Financials
Sales Info:
>> Cap rate: 6.55%
>> NOI: $87098