Dollar General
468975 U.S. 64, Gans, OK
For Sale
Retail
Free Standing
$1,345,000
Price
6.25%
Cap Rate
$84,060
NOI
Overview
Cap Rate
6.25%
NOI
$84,060
Building Size
9,100 sqft
Lot Area
2.83 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
2021
Tenancy
Single
Description
A 2021 construction Dollar General on a new 15-year absolute NNN lease with five, 5-year options, and 10% rental increases at the start of each option. The lease features a full corporate guaranty from Dollar General (NYSE: DG), which ranks #108 on the Fortune 500 list of companies. The subject property is located less than 15 miles from Fort Smith AR, the third largest city in Arkansas (90,452 population).
Highlights
- 15-year Abs. NNN lease with a full corporate guaranty; 2021 construction
- Zero landlord maintenance or expense obligations; tenant pays for maintenance, taxes, insurance and utilities
- 10% rental increases at the start of each of the five, 5-year extension options
- Less than 15 miles from Fort Smith AR, the third largest city in Arkansas (90,452 population)
- Located right off Interstate 40, a major eastwest transcontinental Interstate Highway
- Dollar General’s (NYSE: DG) 2023 net sales increased 2.2% to $38.7B compared to $37.8B in fiscal year 2022
Documents
Title | ||
---|---|---|
DollarGeneral_GansOK.pdf
|
* Documents permissions are set by the listing owner, request information to access locked documents.