Family Dollar Tree

Investment Highlights

2023 NEW CONSTRUCTION FAMILY DOLLAR TREE
• The subject property is a new construction 10,500 SF Family Dollar Tree located in Gore, OK.
• The store opened, and rent commenced in March of 2023.

INTERSTATE LOCATION (21,500 VPD)
• This Family Dollar Tree is located off Interstate 40 (21,500 VPD) on Hwy 64 (4,000 VPD).
• The 1 Mile Household income is over $85,000 which is superior to most Family Dollar Tree Locations.

NEAR TULSA | OIL CAPITAL OF THE WORLD
• This property is located 1 hour southeast of Tulsa off interstate 40 (21,500 VPD) on Hwy 64. Hwy 64 is the highway that connects Gore to Tulsa.
• Tulsa is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. It is the principal municipality of the Tulsa metropolitan area, a region with 1,023,988 residents.
• Tulsa is dubbed the Oil Capital of the World after oil was discovered in the region in 1901.
• The Natural Gas and Oil Industry in Tulsa supports 389,000 total jobs across the state’s economy and generates $57.7 Billion toward the states GDP.
• Multiple Fortune 500 Company are headquartered in Tulsa including QuikTrip, ONEOK, Williams Companies and more.
• The Tulsa Airport serves more than three million travelers annually, with nearly 80 departures per day.

NEW 10-YEAR CORPORATE LEASE
• Brand new 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for taxes. Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Roof, Structure and Parking Lot.
• The rent increases $0.50/SF in each of the Four, 5-year option periods.

INVESTMENT GRADE TENANT
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 23,000+ stores across 48 states and five Canadian provinces.
• Family Dollar/Dollar Tree combo stores have experienced immediate success with 400 new stores in 2022 with plans for opening 600 more combo stores in 2023.
• The Family Dollar Tree Combo stores are reporting 20% more same store sales compared to standalone Family Dollar Stores.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.