Listed by Bang Realty, Trinity Real Estate Investment Services
$1,324,430
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Cap Rate 6.5%
NOI $86,088
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/31/2037
Remaining Term 11.1
Rent Bumps Yes
Lease Options Five (5), 5-Year; 10%
Price per SqFt $124
Year Built 2022
Acreage 1.890
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/23/2022
Ground Lease No
Retail | 6.5% CAP | 10,640 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Sallisaw, OK. This property is a 2022 development store with over 11 years remaining on the primary term, featuring an absolute NNN lease with zero landlord responsibilities and a 10,640 SF prototype designed to accommodate a larger volume of customers.
Property Website: https://trinityreis.com/listing/98158-us-hwy-59/
In cooperation with Brian Brockman at Bang Realty-Oklahoma Inc | OK #177814 | [email protected] | (513) 898-1551
Investment highlights
- 2022 Development Dollar General in Sallisaw, OK With 11+ Years Remaining on Primary Term
- Absolute NNN Lease – Zero Landlord Responsibilities
- 10,640 Square Foot Prototype That Accommodates a Larger Volume of Customers
- Highly Visible Frontage on US Highway 59, Main Thoroughfare in Sallinaw, OK
- Limited Retail Competition - Primary Source of Retail Goods in the Area, the Only Convenience Store Within 7 Miles
- Located in Sallisaw, the County Seat of Sequoyah County, Part of the Fort Smith Metro Area
- Backed by Dollar General’s Corporate Guarantee, an Investment-Grade Retailer Operating Over 20,000 Locations Nationwide
Listing Contacts
Listed by Bang Realty, Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$86,088.00
$7,174.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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