Cap Rate
6.75%
Gross SQFT
9,230
Year Built
2020
Term Remaining
±10.75 YRS
NOI
$94,452
Property Type
Retail
LEAD LISTING AGENT
Email
[email protected]
License No.
SA710587000 (AZ)
Direct
+1 (602) 715-2149
Mobile
+1 (630) 880-4393
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee – Dollar General Corporation (NYSE: DG) carries an Investment Grade Credit Rating of BBB (S&P).
- Absolute NNN – The subject property offers zero landlord responsibilities.
- Long Lease Term Remaining – Over 10 and half years remaining on the current term.
- Tulsa MSA Location – Situated in Collinsville, OK, within the expanding Tulsa MSA, this property benefits from the area’s rising population and ongoing economic growth. Collinsville is a thriving suburban community, attracting residents with its affordable housing, high quality of life, and convenient proximity to Tulsa’s key employment hubs.
- Multiple Options Remaining – The lease has Three, 5-year option periods with 10% increases at the beginning of each option period.
- America’s Largest Retailer – Dollar General just opened it’s 20,000th store and holds the title of America’s largest retailer.
- Recession Resistant – Dollar General has demonstrated historical profitability during times of market uncertainty, earning them the prestigious Silver Globe Business Excellence Award for their response to the COVID-19 pandemic.
- Phenomenal Demographics – With a population of over 48,000 and an average household income of $124,175 within a 5-mile radius, this area presents a prime investment opportunity, combining a substantial customer base with strong purchasing power.
Broker of Record
- Kyle Matthews
- License No. 180759 (OK)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203