Dollar General
Broken Arrow, OK
Key Details
| Price: | $1,613,292 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $104,864 |
| Address: | 3701 South 23rd Street, Broken Arrow, Oklahoma 74014 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 12/8/2023 |
| Lease Expiration: | 12/31/2038 |
| Lease Term Remaining: | 14 Years |
| Rental Increases: | 5.00% Every 5 Years |
| Lot Size: | 1.09 Acres |
| Building Size: | 10,566 SF |
| Year Built: | 2023 |
NNN Pro is pleased to present the exclusive listing for a Dollar General located at 3701 South 23rd Street, Broken Arrow, Oklahoma 74014. The site consists of roughly 10566 rentable square feet of building space on an estimated 1.09-acre parcel of land. This Dollar General is subject to a 15-year Triple Net (NNN) lease, which commenced 12/8/2023. The current annual rent is $104,864 and has scheduled increases of 5.00% Every 5 Years.
About the Investment
- 15-Year Absolute Triple-Net (NNN) Lease | This investment is subject to an existing absolute triple-net lease with 14.3 years remaining on the base term. The lease is true Triple-Net and the tenant is responsible for all site maintenance including parking lot, roof, and structure. This makes the annual rent net to a potential landlord
- Investment Grade Guarantee | The lease is subject to a corporate guarantee from Dollar General (NYSE: DG), which operates over 19,000 stores in 47 states across the United States. Dollar General is the only investment grade credit dollar store operator.
- New Construction Dollar General | This Dollar General is a new construction location with construction completion occurring in December of 2023. The site benefits from a large 1.09 acre parcel with ample parking
- Attractive Rent Increases | The lease features scheduled increases of 5.00% every five years in the base term and will continue throughout each of the five, five-year tenant renewal option periods.
Key Details
| Price: | $1,613,292 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $104,864 |
| Address: | 3701 South 23rd Street, Broken Arrow, Oklahoma 74014 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 12/8/2023 |
| Lease Expiration: | 12/31/2038 |
| Lease Term Remaining: | 14 Years |
| Rental Increases: | 5.00% Every 5 Years |
| Lot Size: | 1.09 Acres |
| Building Size: | 10,566 SF |
| Year Built: | 2023 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
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.