Dollar General
$1,937,000
22428 County Road 230, Morrison, OK 73061
For Sale
Retail
Free Standing
Active
Last Updated: 10/09/2025
6.9
Cap Rate
1,336
NOI
Details:
Cap Rate: 6.9%
NOI: $1,336
Building Size: 10,556 sqft
Lot Area: 1.41 acres
Lease Type: Absolute Net
Year Built: 2025
Tenancy: Single
Parking Spots: 35
Highlights:
- Brand-new 15-year lease featuring 5% rental increases every 5 years throughout the base term and options
- 2025 build-to-suit construction Dollar General prototype
- The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
- Absolute net lease structure features zero Landlord expense or maintenance obligations, providing an investor with a truly “hands-off” investment
- The company features an investment grade S&P credit rating of BBB, which has been raised five times since 2009
- Affluent DG submarket – average household incomes of $93,000 within a 5-mile radius of the subject property
Description:
New lease structure, 15-year absolute net Dollar General featuring 5% rental increases every 5 years throughout the base term and options. The tenant is the country’s largest small-box discount retailer with over ~20,000 stores nationwide and boasts an investment grade credit rating (S&P: BBB).
Documents:
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DollarGeneral_MorrisonOK.pdf
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Location
Gallery
