Cap Rate
6.35%
Price Per SF
$161
Gross SQFT
9,100
Year Built
2013
Term Remaining
±13.5 YRS
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2013 Built to Suit Construction for Dollar General
- Dollar General recently signed a brand new 15 year lease proving their commitment to this location
- 5-mile population in excess of 127,987 residents
- 10-mile population in excess of 271,167 residents
- 5% increases every 5 years in the base term, providing an excellent hedge against inflation
- Strategically located off of 12th Ave NE which sees in excess of 30,000 vehicles per day
- Extremely strong corporately guaranteed lease
- Subject property is located ±3 miles from the University of Oklahoma (34,523 students)
- 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
- Dollar General has a market cap of ±$30 billion
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