Listed by Northmarq Capital, LLC
$1,293,000
Dollar General
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 6.5%
NOI $84,060
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 03/31/2036
Remaining Term 9.8
Rent Bumps Yes
Lease Options Five (5), Five (5) Year Options
Price per SqFt $142
Year Built 2021
Buildings 1
Stories 1
Acreage 2.830
Investment Type Net Lease
Tenant Credit Credit Rated
Ownership Fee Simple
Absolute NNN Lease | Low Price Point
Marketing description
Northmarq is pleased to offer to qualified investors a single-tenant retail property, 100% leased to Dollar General, located in the city of Gans, OK (the “Property”). The Property consists of a ± 9,100 SF building on ± 2.83 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 20,500 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 growth.
Investment highlights
- 15-Year Lease
- Absolute NNN - Zero Landlord Obligations
- Investment Grade Tenant
- Strategic Location
- New Construction Location
Listing Contacts
Listed by Northmarq Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,060.00
$7,005.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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