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Dollar General | Recent Extension 1123 E Main St 9,175 SF Retail Building Boise City, OK 73933 $1,418,255 CAD ($154.58 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently Exercised 5-Year Extension | Scheduled Rental Bumps |Corporate Guaranteed | 20-Year Operating History
- Hard Corner Intersection | Strong National/Credit Tenant Presence | Cimarron Memorial Hospital
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Operator | 1,000+ New Stores In 2022 | DG Insured
EXECUTIVE SUMMARY
• Dollar General has recently exercised a 5-year extension with 3 (5-Year) options remaining, demonstrating commitment to the site
• The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• DG has increased their rent by 10% showing their strong commitment to the site
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,000 locations in 47 states as of February 2024
• The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• DG has increased their rent by 10% showing their strong commitment to the site
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,000 locations in 47 states as of February 2024
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,175 SF
Building Class
B
Year Built
2010
Price
$1,418,255 CAD
Price Per SF
$154.58 CAD
Cap Rate
8.50%
NOI
$120,552 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.03 AC
Zoning
C - Commercial
Parking
25 Spaces (2.72 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signage
PROPERTY TAXES
| Parcel Number | 0050-00-D08-020-0-000-00 | Improvements Assessment | $117,849 CAD |
| Land Assessment | $11,808 CAD | Total Assessment | $129,657 CAD |
PROPERTY TAXES
Parcel Number
0050-00-D08-020-0-000-00
Land Assessment
$11,808 CAD
Improvements Assessment
$117,849 CAD
Total Assessment
$129,657 CAD
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Dollar General | Recent Extension | 1123 E Main St
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