Dollar Tree – Piedmont, OK

Dollar Tree has 8 Years Remaining on Initial 10-year NN* lease with $0.50 PSF rental escalations every 5 years in renewal options. The Tenant, Dollar Tree Stores, Inc. (NASDAQ: DLTR | S&P Credit Rating: BBB | Moody’s Rating: Baa2 | a Fortune 500 Company) operated 16,340 stores (16,096 in the U.S. and 244 in Canada) under the Dollar Tree, Dollar Tree Canada and Family Dollar brand names as of January 28, 2023. It is a Brand new, build-to-suit construction to Dollar Tree’s latest prototype (10,000 SF) – opened August 2024!

The Asset is Positioned on a ±0.939-acre lot in a growing area of Northwest Oklahoma City MSA with excellent drive-by visibility/access on Piedmont Rd where traffic counts exceed 10,120 CPD! Dollar General, Sonic Drive-In and Subway are less than 1/2 a mile north of the Property – the closest retailers such Walmart, Sam’s Club, Home Depot, Kohl’s, Target, Hobby Lobby, T.J. Maxx, Ross, PetSmart, Joann Fabrics, Five Below and ALDI are 10 miles from the Property. It is 17 miles from University of Central Oklahoma Edmond – a public university in Edmond – the 3rd largest university in Oklahoma, offers numerous undergraduate and graduate programs with a total of 12,148 students (Fall 2023); 20 miles from Oklahoma City University OKC – a private university offering a variety of undergraduate bachelor’s degrees, graduate master’s degrees and doctoral degrees, organized into 8 colleges and 1 Methodist seminary with over 2,300 students; 13 miles from Mercy Hospital OKC – a general medical & surgical hospital with 385 licensed beds, 2,995 hospital-based co-workers and 245 physicians.

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