Marcus & Millichap is pleased to present the opportunity to acquire a long-standing, corporately guaranteed Dollar General located at 120 W Main Street in New Cordell, Oklahoma. Dollar General has occupied this location for over 25 years and currently operates under a corporate-backed double net (NN) lease with approximately 5.25 years remaining. The tenant pays just $2,900 per month—an extremely low rent level of approximately $3.10 per square foot—offering significant future upside upon lease renewal or repositioning.
The ±11,250-square-foot building sits on a ±0.28-acre parcel at a central location along Cordell’s Main Street, just steps from the Washita County Courthouse and other civic anchors. Dollar General completed a full remodel of the store in 2012, and the landlord is only responsible for roof and structure. The lease includes no remaining options, which opens the door for renegotiation or redevelopment in the near future.
New Cordell is the county seat of Washita County and serves as a key retail and services hub for the surrounding rural area. The store benefits from limited retail competition, a captive customer base, and proximity to schools, parks, and regional employers. With stable in-place income, a low acquisition basis, and corporate tenancy, this offering presents an attractive opportunity for investors seeking yield today with long-term flexibility and upside potential.