Family Dollar – Tulsa, Oklahoma
$100,000 Minimum Investment
$100,000 Minimum Investment
NN Lease – 5.5 years
After an initial 10-year term, Family Dollar recently exercised it’s 5-year renewal option. There are four subsequent 5-year renewal options remaining. Tenant-in-common properties like this are ideal for those in a 1031 exchange looking for replacement property without management headaches. Family Dollar is a strong tenant with more than 14,000 locations nationwide. Family Dollar properties use a friendly, net-lease structure and in this case the tenant is responsible for everything outside of the roof, structure and parking lot. Built in 2008, there is peace of mind of a newer building and associated warranties. Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value-conscious shoppers, which increases store productivity. In Q4 of 2017, Family Dollar’s gross profit increased an impressive 16.3% to $2.10 billion compared to $1.81 billion in Q4 the previous year.
Area Information:
Located in northeast Oklahoma, Tulsa is the second largest city in the state with a population nearing 400,000 people. Tulsa has its economic base in oil, aviation, and telecommunications. It is the home of Oral Roberts University and the University of Tulsa. The city has been called one of America’s most livable large cities and Forbes has ranked Tulsa 2nd as Best City of Economic Growth. BusinessWeek Magazine ranked Tulsa among the top 50 best cities in the United States in 2012.