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Dollar General 469185 US Highway 64

9,100 SF Retail Building Gans, OK 74936 $1,873,235 CAD ($206 CAD/SF) 6.35% Cap Rate

Investment Highlights

  • 15-Year Absolute NNN Lease
  • Investment Grade Tenant
  • New Construction Location
  • Rental Increases
  • Strategic Location

Executive Summary

Northmarq is pleased to offer to qualified investors a single-tenant retail property, 100% leased to Dollar General, located in the city of Sallisaw, OK (the “Property”). The Property consists of a ± 10,640 SF building on ± 1.89 acres of land. This Dollar General is operating under a fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options with 10% rental increases in each of the option periods.
Dollar General is a U.S. chain of variety stores with over 20,022 Dollar General, DG Market, DGX and pOpshelf stores across the U.S. and has thrived during the economic recovery of the last several years with their Revenues, Gross Profit and Net Income growing over 16% since January 2015.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,100 SF
Building Class
C
Year Built
2021
Price
$1,873,235 CAD
Price Per SF
$206 CAD
Cap Rate
6.35%
NOI
$118,931 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
39.74 AC
Parking
27 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
298 ft on U.S. 64

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0000-29-011-025-0-019-00
Land Assessment
$10,603 CAD
Improvements Assessment
$27,907 CAD
Total Assessment
$38,510 CAD
  • Listing ID: 33377439

  • Date on Market: 2024-10-02

  • Last Updated:

  • Address: 469185 US Highway 64, Gans, OK 74936

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