Dollar General

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Dollar General

11378 OK-3 Lane OK Atoka County

Sales Price: $1,438,189

Cap Rate: 5.30%

Lease Expiration: 5/31/2032

Contact Person(s): Maxwell Lippitt
Daniel Kukes
Jason Greenspan

Description:

CORPORATE GUARANTY: LEASE IS GUARANTEED BY DOLLAR GENERAL CORPORATION (NYSE: DG)

  • Dollar General Corporation is one of the largest retailers in the country with over 18,000 locations and 143,000 employees
  • Dollar General Corporation is rated S&P rated BBB and Moody’s rated Baa2
  • Dollar General Corporation is ranked #91 on the Fortune 500 List – a 21-place jump since 2020

COVID-19 PROOF INVESTMENT:

  • Since the beginning of the pandemic, Dollar General Corporation has experienced a 21.5% net sales increase – a reflection in part of shoppers being mindful of budgets during the pandemic.

NEWER CONSTRUCTION:

  • 2017 Build-to-Suit for Dollar General

ABSOLUTE NNN LEASE:

  • Virtually no Landlord Responsibilities

MINIMAL DOLLAR STORE COMPETITION:

  • Closest national Dollar Store chain is over 10 miles from subject property

Building Size: 9,026 SF

Lot Size: 1.00 AC

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 167 712 1,470
Avg. HH Income: $61,739 $62,209 $67,465

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. 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.