Dollar General | Kinta, OK
602 North Main Street, Kinta, OK
$1,647,000
Price
6.7%
Cap Rate
$110,326
NOI
Overview
Description
DuWest Realty Partners Investment Services has been exclusively retained to present the opportunity to acquire Dollar General ("The Property"), a 10,566 SF single tenant absolute triple-net (NNN) lease retail property located in Kinta, Oklahoma. The lease commenced on October 18, 2023. The current annual rent is $110,326 and is scheduled to increase upon the execution of the first of five renewal options.
The acquisition of this Dollar General offers investors a strong, passive income opportunity. Investors have zero landlord responsibilities. The Property offers steady cashflow from a highly experienced tenant and is guaranteed by a corporately backed lease.
As an investor, any Dollar General is a safe investment as Dollar General has strict store expansion criteria. Dollar General builds stores with the mindset of providing positive economic growth to the communities they serve. Meeting customer needs is Dollar General's top priority when evaluating potential new store locations. Local demographics are surveyed to ensure the Dollar General store will fit into the community relating to pricing, value, and selection of needs for the customer base in the area.
Highlights
- ABSOLUTE NNN LEASE
- STRONG TENANT GROWTH PLANS WITH CORPORATE GUARANTEE
- BRAND NEW CONSTRUCTION WITH A 15-YEAR LEASE
Documents
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Dollar_General_-_Kinta__OK_OM.pdf
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