1123 E Main St - Freestanding FOR SALE


Boise City, OK 73933
$1,047,000 USD
954-703-3602
1123 E Main St, Boise City, OK for Sale
$1,047,000 USD
Freestanding - FOR SALE
1/6
null | 8.25% Cap Rate

1123 E Main St
Boise City, OK 73933


HIGHLIGHTS

  • Recently Exercised 5-Year Extension | Scheduled Rental Bumps |Corporate Guaranteed | 20-Year Operating History
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Hard Corner Intersection | Strong National/Credit Tenant Presence | Cimarron Memorial Hospital
  • Strong Operator | 1,000+ New Stores In 2022 | DG Insured

OVERVIEW

• Dollar General has recently exercised a 5-year extension with 3 (5-Year) options remaining, demonstrating commitment to the site • The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation • DG has increased their rent by 10% showing their strong commitment to the site • The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,000 locations in 47 states as of February 2024

FOR SALE DETAILS

PRICE

$1,047,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Recent Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

0050-00-D08-020-0-000-00

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.