1414 N Main St
Guymon, OK 73942
Dollar General Net Lease Investment · Retail Property For Sale

Bull Realty is pleased to offer this opportunity to acquire a 7.25% cap rate Dollar General in Guymon, Oklahoma, located on the Oklahoma Panhandle approximately 120 miles north of Amarillo, Texas. Nearby national retailers include Anytime Fitness, Aaron's, Lumber Mart, McDonald's, Sonic and O'Reilly Auto Parts. The fifteen-year NN lease commenced in 2011 and features a 3% rent increase in year 11 (2021) and 10% increases in each of its five 5-year renewal options. Minimum landlord responsibilities limited to roof, structure and parking lot maintenance. The lease is guaranteed by Dollar General Corporation, the leading discount retailer with more than 16,500 stores in 45 states. The property offers outstanding real estate appreciation and a corporate guarantee backing by the most successful retailer in the country with an investment grade credit rating. » Ideal 1031 replacement property with competitive 7.25% cap rate » 8+ years remaining on the existing lease term with a 3% rental increase in 2021 » Five-5 year renewal options each with 10% rental increases » Property is located at a signalized traffic corner with good accessibility and visibility » Tenant reimburses landlord up to $3,600 annually for parking area maintenance » Area demographics reflect target market » Current store rental on a square foot basis is 30% plus below market » Located near the Golden Mesa Casino and Entertainment Center site currently in development and due to open in 2019 » Oklahoma Broker of Record: Galiga Real Estate, LLC, Michael Galiga, OK License #079382