Dollar General
Sallisaw, OK
Key Details
| Price: | $1,324,431 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $86,088 |
| Address: | 98158 U.S. 59, Sallisaw, Oklahoma 74955 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 8/23/2022 |
| Lease Expiration: | 8/30/2037 |
| Lease Term Remaining: | 12.4 Years |
| Rental Increases: | 10.00% At Start of Each Option Period |
| Lot Size: | 1.89 Acres |
| Building Size: | 10,640 SF |
| Year Renovated: | 2022 |
NNN Pro is pleased to present the exclusive listing for a Dollar General located at 98158 U.S. 59, Sallisaw, Oklahoma 74955. The site consists of roughly 10640 rentable square feet of building space on an estimated 1.89-acre parcel of land. This Dollar General is subject to a 15-year Triple Net (NNN) lease, which commenced 8/23/2022. The current annual rent is $86,088 and has scheduled increases of 10.00% At Start of Each Option Period.
About the Investment
- Long-Term Stability | The property is secured by a 15-year Triple Net (NNN) lease with Dollar General, a leading national retailer with a strong presence in rural and suburban markets. The lease structure ensures long-term passive income for investors.
- Zero Landlord Responsibilities | With a Triple Net (NNN) lease, the tenant is responsible for all maintenance, taxes, insurance, and operating costs, providing a truly passive investment opportunity.
- Corporate Guarantee | The lease is backed by Dollar General Corporation (NYSE: DG), a Fortune 500 company with over 19,000 locations nationwide, ensuring strong credit and financial security for investors.
- Attractive Rental Increases | The lease includes 10% rental increases at the start of each option period, providing a hedge against inflation and consistent income growth over the long term.
- Essential Business with Strong Customer Demand | Dollar General serves as an essential retailer, catering to daily convenience and grocery needs. The company has experienced consistent revenue growth, driven by its value-based pricing model and widespread market penetration.
- Growing Consumer Base | The property is positioned in a high-demand trade area, benefiting from steady population growth and limited competition in the immediate vicinity.
Key Details
| Price: | $1,324,431 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $86,088 |
| Address: | 98158 U.S. 59, Sallisaw, Oklahoma 74955 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 8/23/2022 |
| Lease Expiration: | 8/30/2037 |
| Lease Term Remaining: | 12.4 Years |
| Rental Increases: | 10.00% At Start of Each Option Period |
| Lot Size: | 1.89 Acres |
| Building Size: | 10,640 SF |
| Year Renovated: | 2022 |
Talk to the Pros
Daniel Price
dprice@nnnpro.com
License: NY: 10401306175
Broker of Record
Brian Brockman
Bang Realty-Oklahoma, Inc
License: 177814
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.