Listed by Bang Realty, Trinity Real Estate Investment Services
$1,377,785
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Cap Rate 6.5%
NOI $89,556
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 07/31/2037
Remaining Term 11.2
Rent Bumps Yes
Lease Options Five (5), 5-Year, 10%
Price per SqFt $129
Year Built 2022
Acreage 0.860
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/15/2022
Ground Lease No
Retail | 6.50% CAP | 10,640 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Haileyville, 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, a highly visible corner lot along US Hwy 270, and a 10,640 SF prototype.
Property Website: https://trinityreis.com/listing/411-parkway-ln/
In cooperation with Brian Brockman at Bang Realty-Oklahoma Inc | OK #177814 | [email protected] | (513) 898-1551
Investment highlights
- 2022 Development Dollar General in Haileyville, 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
- Corner Lot Parcel With Great Visibility Along US Hwy 270 and Traffic Counts of 11,000+ Vehicles Passing Daily
- Limited Local Retail Competition, Store Located on the Main Thoroughfare in Haileyville
- Strong Corporate Guaranty by Dollar General Corporation, With an S&P Credit Rating of BBB and Operates 20,000+ Locations
Listing Contacts
Listed by Bang Realty, Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,556.00
$7,463.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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