Cap Rate
6.75%
Gross SQFT
10,566
Year Built
2022
NOI
$105,046
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2022 build-to-suit construction for Dollar General
- 5% rent increase every 5-years for the life of the base (base term + options)
- Absolute NNN lease with zero Landlord responsibilities
- ±13.25 years remaining on an initial 15-Year lease
- Estimated 4.62% population growth over the next 5-years
- $94,883 average household income, reflecting a strong customer base with stable purchasing power
- Dollar General PLUS concept (larger 10,566 SF building)
- DG PLUS concepts confirm that the tenant is projecting above average sales volume for this location
- Five, 5-Year renewal options, all of which include an attractive 5% rental increase
- Fort Gibson is a short 10 minute drive from Muskogee, OK
- Dollar General boasts an investment grade credit rating of BBB (S&P).
- Dollar General has ±19,500 locations and plans to continue their expansion for the foreseeable future.
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
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