469185 US Highway 64 - Convenience Store FOR SALE


Gans, OK 74936
$1,324,000 USD
918-794-9516
469185 US Highway 64, Gans, OK for Sale
$1,324,000 USD
Convenience Store - FOR SALE
1/1
null | 6.35% Cap Rate

469185 US Highway 64
Gans, OK 74936


HIGHLIGHTS

  • 15-Year Absolute NNN Lease
  • Rental Increases
  • Investment Grade Tenant
  • Strategic Location
  • New Construction Location

OVERVIEW

Northmarq is pleased to offer to qualified investors a single-tenant retail property, 100% leased to Dollar General, located in the city of Sallisaw, OK (the “Property”). The Property consists of a ± 10,640 SF building on ± 1.89 acres of land. This Dollar General is operating under a fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options with 10% rental increases in each of the option periods. Dollar General is a U.S. chain of variety stores with over 20,022 Dollar General, DG Market, DGX and pOpshelf stores across the U.S. and has thrived during the economic recovery of the last several years with their Revenues, Gross Profit and Net Income growing over 16% since January 2015.

FOR SALE DETAILS

PRICE

$1,324,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

39.74 AC

LAND SF

1,730,942 SF

ZONING

-

APN/PARCEL ID

0000-29-011-025-0-019-00

ASK ABOUT THIS PROPERTY

Chad ByerlyNorthmarqMore Info
918-794-9516

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Chad ByerlyNorthmarqMore Info
918-794-9516

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