Dollar General

32220 U.S. 270, Wister, OK

$1,735,000

Price

6.55%

Cap Rate

10,566 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
6.55%
Building Size
10,566 sqft
Lot Area
1.55 acres
Lease Type
Absolute Net
Year Built
2023
Tenancy
Single
Parking Spots
35
Description

A corporate absolute NNN Dollar General with over 14 years remaining in the primary term and five, 5-year options to extend the lease at increased rents. The tenant is the country’s largest small-box discount retailer with over 19,900 stores nationwide.

Highlights
  • Brand-new 15-year lease with extremely rare 5% rental increases in the base term and options
  • The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
  • Absolute NNN lease structure features zero Landlord expense obligations, providing an investor with a truly “hands-off” investment
  • Dollar General generated $38.7 billion in 2023 fiscal year sales and a net income of $1.7 billion
  • Dollar General currently operates over 19,900 stores in 47 states, making it the country’s largest small-box discount retailer
  • The company features an investment grade S&P credit rating of BBB, which has been raised five times since 2009
Documents
Title
DollarGeneral_WisterOK.pdf
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Location
Gallery