5909 OK-58 Hwy - Freestanding FOR SALE


Ringwood, OK 73768
$1,095,000 USD
949-506-5027
5909 OK-58 Hwy, Ringwood, OK for Sale
$1,095,000 USD
Freestanding - FOR SALE
1/5
null | 7.25% Cap Rate

5909 OK-58 Hwy
Ringwood, OK 73768


HIGHLIGHTS

  • 7 Years Remaining | Scheduled Rental Increases Corporate Guaranteed
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Hard Corner Intersection | Limited Competition | Ringwood Jr. High School | Excellent Visibility & Access

OVERVIEW

- Dollar General has 7 years remaining on their current lease with 5 (5-Year) options to extend, demonstrating their commitment to the site - The lease features 10% increases at the beginning of each option, growing NOI and hedging against inflation - The property was recently remodeled which included updating fixtures, adding additional coolers and interior paint - 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 20,345 location as of August 2024

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

C-3

APN/PARCEL ID

0000-10-22N-10W-4-001-00

ASK ABOUT THIS PROPERTY

Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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