DOLLAR GENERAL

17885 E 116th St N, Collinsville, OK 74021
$1,400,000

Cap Rate
6.75%
Gross SQFT
9,230
Year Built
2020
Term Remaining
±10.75 YRS
NOI
$94,452
Property Type
Retail

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