Dollar General | 469185 US Highway 64
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Dollar General 469185 US Highway 64
9,100 SF Retail Building Gans, OK 74936 $1,324,000 ($145/SF) 6.35% Cap Rate
Investment Highlights
- 15-Year Absolute NNN Lease
- Investment Grade Tenant
- New Construction Location
- Rental Increases
- Strategic Location
Executive Summary
Northmarq is pleased to offer to qualified investors a single-tenant retail property, 100% leased to Dollar General, located in the city of Sallisaw, OK (the “Property”). The Property consists of a ± 10,640 SF building on ± 1.89 acres of land. This Dollar General is operating under a fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options with 10% rental increases in each of the option periods.
Dollar General is a U.S. chain of variety stores with over 20,022 Dollar General, DG Market, DGX and pOpshelf stores across the U.S. and has thrived during the economic recovery of the last several years with their Revenues, Gross Profit and Net Income growing over 16% since January 2015.
Dollar General is a U.S. chain of variety stores with over 20,022 Dollar General, DG Market, DGX and pOpshelf stores across the U.S. and has thrived during the economic recovery of the last several years with their Revenues, Gross Profit and Net Income growing over 16% since January 2015.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2021
Price
$1,324,000
Price Per SF
$145
Cap Rate
6.35%
NOI
$84,060
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
39.74 AC
Parking
27 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
298 FT on U.S. 64
PROPERTY TAXES
| Parcel Number | 0000-29-011-025-0-019-00 | Improvements Assessment | $19,688 |
| Land Assessment | $7,480 | Total Assessment | $27,168 |
PROPERTY TAXES
Parcel Number
0000-29-011-025-0-019-00
Land Assessment
$7,480
Improvements Assessment
$19,688
Total Assessment
$27,168
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Dollar General | 469185 US Highway 64
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