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Dollar General 11378 E Hwy 3

9,026 SF Retail Building Lane, OK 74555 $1,438,189 ($159/SF) 5.30% Cap Rate

INVESTMENT HIGHLIGHTS

  • CORPORATE GUARANTY: LEASE IS GUARANTEED BY DOLLAR GENERAL CORPORATION (NYSE: DG)
  • NEWER CONSTRUCTION: 2017 Build-to-Suit for Dollar General
  • MINIMAL DOLLAR STORE COMPETITION: Closest national Dollar Store chain is over 10 miles from subject property
  • COVID-19 PROOF INVESTMENT: Since the beginning of the pandemic, Dollar General Corporation has experienced a 21.5% net sales increase
  • ABSOLUTE NNN LEASE: Virtually no Landlord Responsibilities

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2017
Price
$1,438,189
Price Per SF
$159
Cap Rate
5.30%
NOI
$76,224
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Zoning
C-1

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Dollar General
  • Retailer
  • 9,026 SF
  • -
  • May 2032
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Dollar General Retailer 9,026 SF - May 2032

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0000-13-03S-12E-1-023-00
Land Assessment
$5,073
Improvements Assessment
$118,987
Total Assessment
$124,060
  • Listing ID: 24754962

  • Date on Market: 1/3/2022

  • Last Updated:

  • Address: 11378 E Hwy 3, Lane, OK 74555

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