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33233109
33233110

1820 E Main St, Pawhuska, OK 74056

TS
OK 149994, TX 9002994
Marcus & Millichap - Oklahoma City
AW
UT UT 11054719
Marcus & Millichap - Salt Lake City
Listed by Marcus & Millichap - Oklahoma City, Marcus & Millichap - Salt Lake City
$823,000
3 days on market
Updated 3 days ago

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,020
Cap Rate 7.53%
NOI $61,970
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN+
Lease Expiration 06/30/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options One more 5 year option at $5,590/Mo.
Price per SqFt $91
Year Built 2004
Acreage 1.030
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Ground Lease No

Retail | 7.53% CAP | 9,020 SqFt

Marketing description

Dollar General #4474 at 1820 East Main Street offers investors passive, corporately guaranteed net lease income backed by Dollar General Corporation (NYSE: DG), one of the country's most financially durable retailers with a BBB investment-grade credit rating and over 15,000 locations nationwide. The lease structure requires minimal landlord obligations, with predictable rent escalations and a full corporate guarantee.

Dollar General's business model is purpose-built for markets like this one. The value-price, everyday-essentials format is both recession-resistant and ecommerce-resistant, historically gaining market share during economic downturns as consumers trade down from traditional grocery and big-box retail. It is among the most proven net lease tenants in the country precisely because its demand drivers are structural, not cyclical.

The store sits on East Main Street along US Highway 60 — Pawhuska's primary commercial corridor — with strong visibility and full ingress/egress serving the surrounding trade area. As the county seat of Osage County and the governmental headquarters of the Osage Nation, Pawhuska functions as the regional hub for civic and commercial activity across a county of nearly 46,000 residents. The demographics are squarely in Dollar General's wheelhouse: a median household income near $46,000, a value-conscious consumer base, and limited competing retail alternatives in the immediate market.

What sets this location apart is the sustained economic tailwind created by the Pioneer Woman tourism ecosystem. Since Ree Drummond opened the Pioneer Woman Mercantile in downtown Pawhuska, the town has drawn up to 6,000 visitors per day — peaking at 15,000 on busy weekends — from across the country. That volume of outside traffic meaningfully expands the store's consumer base beyond local residents and has contributed to a broader revitalization of Pawhuska's retail economy. Combined with national attention from the Osage County-set film Killers of the Flower Moon, the market has a visibility and vitality unusual for a town of its size.

Investment highlights

  • Investment-Grade Corporate Guarantor — Dollar General Corporation (NYSE: DG), rated BBB by S&P, guarantees the lease with the full faith and credit of one of America's largest retailers
  • Passive NN Ownership -Tenant pays for Parking lot maintenence, and reinburses for insurance and real estate taxes.
  • Predictable Rent Escalations
  • Stong store history with multiple renewals.
  • Near high traffic intersection.
  • Tenant Reinburses for Taxes, Insurance and CAMs*

Listing Contacts

TS
OK 149994, TX 9002994
Marcus & Millichap - Oklahoma City
AW
UT UT 11054719
Marcus & Millichap - Salt Lake City
Listed by Marcus & Millichap - Oklahoma City, Marcus & Millichap - Salt Lake City

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,970.00
$5,164.17/mo

Valuation Metrics

0
DSCR
7.53%
Cap Rate
7.53%
ROI

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Additional Information

Name
Tim Speck
License
149994
Title
Broker of Record
Name
Tim Speck
License
149994
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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