204 OK-82
Locust Grove, OK 74352
204 OK- 82
Locust Grove, OK 74352
  • Asking Price: $675,000
  • Cap Rate: 7.04%
  • Status: Available

Corporate backed double-net leased Dollar Tree investment built in 2004 and completely renovated in 2015. Dollar Tree has been occupying the single tenant 9,180 square-foot freestanding retail building since 2004. Located on OK-82 (+6,500 VPD) the subject property is on the main corridor and just north of Cherokee Turnpike (Hwy 412)(+2,800 VPD) giving the subject property great visibility and conveniently located for customers. Across the street from a Walmart Neighborhood market and next to a La Mansion Mexican Restaurant and Sonic Drive-In. The HVAC units were replaced in 2020. An existing reciprocal easement agreement with the Mexican restaurant and Dollar Tree is in place for access to the subject property. Tenant is responsible for and shall pay as additional rent 100% of the real estate taxes, Insurance, CAM, common area repairs and expense for the operating, maintaining, and repairing of the common areas (parking areas, roadways, pedestrian sidewalks, landscaped areas, and all other areas or improvements) which may be provided by Landlord for the common use of the tenants of the development.