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34157761
34157757

202 N Eastern Avenue, Hominy, OK 74035 For Sale

WW
TX TX 596941
DUWEST
DUWEST
Listed by DUWEST
$2,193,000
1 day on market
Updated 1 day ago

DG Market | Hominy,OK

Details
Property Type Retail
Sub Type Storefront
Square Footage 12,687
Cap Rate 6.60%
NOI $144,709
Tenancy Single
Brand/Tenant Dollar General Market
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/30/2038
Rent Bumps Yes
Lease Options Five, 5-Year Renewal Options. Option 1: $167,518.80/yr; Option 2: $175,894.68/yr; Option 3: $184,689.48/yr; Option 4: $193,923.96/yr; Option 5: $203,620.08/yr
Year Built 2023
Buildings 1
Acreage 1.570
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/10/2023
Ownership Fee Simple

202 N Eastern Avenue, Hominy, OK 74035

Marketing description

Located in the heart of Hominy, Oklahoma, the DG Market offers an exceptional investment opportunity for discerning buyers. This 12,687 square foot single-tenant retail property, leased to Dollar General Market, features a robust absolute triple-net (NNN) lease structure that commenced on October 11, 2023. With an annual rent of $144,709, which is strategically scheduled to increase by 5% every five years, this asset promises to deliver consistent income and considerable potential for appreciation over time.

Positioned as the only grocery store within a 10-mile radius, the DG Market enjoys a unique competitive advantage that enhances its desirability and draws foot traffic from a wide customer base. This prime location not only meets a critical consumer need but also caters to an underserved market, ensuring stable patronage. As retail continues to evolve, this property stands out as a secure investment that not only capitalizes on current trends but also positions itself favorably for future growth. The combination of a strong tenant, solid lease terms, and a strategic location makes this opportunity a compelling choice for any investor seeking reliable returns in a promising market.

Investment highlights

  • [Photos](https://duwestrealty.com/property_listings/dg-market-hominyok/#propertyImage)
  • [Video](https://duwestrealty.com/property_listings/dg-market-hominyok/#propertyVideo)

Listing Contacts

WW
TX TX 596941
DUWEST
DUWEST
Listed by DUWEST

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,709.00
$12,059.08/mo

Valuation Metrics

0
DSCR
6.6%
Cap Rate
6.6%
ROI

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