| Purchase Price | $1,360,000 |
|---|---|
| Annual Rental Income | $122,400 |
| Cap Rate | 9% |
| Lease Term | 7 Years |
| City | Enid |
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Family Dollar – Enid, OK
This property is leased to Family Dollar, a nationally recognized value-based retail chain with over 8,000 locations across the United States. Known for offering affordable everyday essentials, Family Dollar operates with a simple, convenient shopping model that performs well in both urban and rural markets. With a long-term net lease in place, this property offers a stable income stream, minimal management requirements, and the security of a corporate-backed tenant.
Retail Format & Product Offering
Family Dollar provides a wide range of merchandise including pantry staples, household cleaning supplies, health and beauty items, baby care products, seasonal décor, basic apparel, school supplies, toys, and pet products. The store’s compact format and affordable pricing attract frequent shoppers and serve as a reliable destination for residents in search of value and convenience.
Net Lease Structure
This location operates under a long-term net lease, typically structured as triple-net (NNN) or double-net (NN), in which the tenant is responsible for property taxes, insurance, and maintenance. This structure provides landlords with a hands-off investment and consistent income, making it ideal for investors seeking a low-risk, low-touch asset with long-term security.
Enid, OK Market & Demographics
Enid is the county seat of Garfield County and serves as a regional hub in north-central Oklahoma. The city has a population of approximately 50,000, with a broader trade area extending to surrounding rural communities. Enid’s economy is driven by agriculture, healthcare, education, manufacturing, and its strategic location near Vance Air Force Base.
The median household income in Enid is in the mid $60,000s, with a per capita income in the low $30,000s. The area has a strong base of working families, blue-collar labor, and retired individuals. A portion of the population lives on modest or fixed incomes, making affordable retail options like Family Dollar an essential service in the community.
Community Role & Consumer Demand
Family Dollar fills an important role in the Enid retail landscape by offering accessible, affordable goods to residents seeking value in everyday purchases. Its fixed pricing, convenience, and focused merchandise mix attract a consistent stream of foot traffic from a diverse cross-section of the community, including families, seniors, and workers.
Tenant Reliability & Operational Performance
Family Dollar is a well-capitalized, publicly traded brand with national distribution infrastructure and corporate oversight. The company has demonstrated long-term resilience, particularly in smaller and income-sensitive markets like Enid. The tenant’s ability to provide consistent service while adapting to regional buying patterns supports long-term lease performance and investment stability.
Location & Retail Synergy
Typically located along main thoroughfares or within neighborhood retail clusters, Family Dollar stores are strategically positioned to benefit from visibility and easy access. The Enid location likely serves as a convenient stop for both planned shopping trips and impulse purchases, contributing to reliable foot traffic and supporting nearby businesses.
Investment Highlights
This Family Dollar in Enid, OK represents a strong net-lease opportunity offering long-term passive income, demographic alignment, and a recession-resistant retail model—an ideal addition for investors seeking dependable returns with minimal day-to-day involvement.