Listed by Matthews
$711,223
Dollar General - Shattuck, OK
Details
APN 0405-00-000-000-0-009-00
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 9,026
Cap Rate 8.75%
NOI $62,232
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN+
Lease Term 20.1
Lease Expiration 02/28/2031
Remaining Term 4.7
Rent Bumps Yes
Lease Options Three, 5-Year
Price per SqFt $79
Broker Co-Op True
Year Built 2011
Buildings 1
Stories 1
Acreage 1.720
Zoning Misc. Commercial
Parking Spaces 28 spaces
Parking Per SqFt 3.10
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/01/2011
Occupancy Date 02/01/2011
Ground Lease No
Ownership Fee Simple
8.75% CAP | NN+ | No Competition within ±30 Miles
Investment highlights
- List Price: $711,223, Yielding an Attractive 8.75% Cap Rate
- ±9,026 SF Built-To-Suit Building Constructed in 2011 for Dollar General
- Situated an a ±1.72-Acre Parcel with a concrete parking Lot and 28 Parking Spaces
- Over ±5 Years Remaining on the Lease with Three 5-Year Extension Options
- Tenant Recently Exercised A 5-Year Extension, Demonstrating Commitment and Strong Performance
- NN+ Lease Structure with Minimal Landlord Responsibilities
- Strong Corporate Guaranty from Dollar General (Fortune 500), BBB Credit Rating (S&P), ~$28b Market Cap
- Located on S Main Street (Route 283), A Primary North-South Highway And Main Entry into Shattuck, Ok
- Positioned in the Main Retail Corridor with Nearby Tenants Including Sonic Drive-In, Quick Stop, Venture Foods, And H&H Powersports
- Near Newman Memorial Hospital (25+ Beds) and Shattuck High School (355 Students)
- Nearest Competing Dollar Store is Over ±30 Miles Away, Limiting Local Competition
- Shattuck is the Largest City in Ellis County and Serves as a Commercial Hub with ~100 Chamber Of Commerce Businesses
- Population of Approximately 1,267 with an Average Household Income of ~$66,640, Aligning with Dollar General’s Target Demographic
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,232.00
$5,186.00/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
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