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11378 E Hwy 3

9,026 SF Retail Building Lane, OK 74555 £1,132,861 (£126/SF) 5.30% Net Initial Yield

Investment Highlights

  • CORPORATE GUARANTY: LEASE IS GUARANTEED BY DOLLAR GENERAL CORPORATION (NYSE: DG)
  • NEWER CONSTRUCTION: 2017 Build-to-Suit for Dollar General
  • MINIMAL DOLLAR STORE COMPETITION: Closest national Dollar Store chain is over 10 miles from subject property
  • COVID-19 PROOF INVESTMENT: Since the beginning of the pandemic, Dollar General Corporation has experienced a 21.5% net sales increase
  • ABSOLUTE NNN LEASE: Virtually no Landlord Responsibilities

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2017
Price
£1,132,861
Price Per SF
£126
Net Initial Yield
5.30%
NOI
£60,042
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Lot Size
1.00 AC
Zoning
C-1

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Dollar General
  • Retailer
  • 9,026 SF
  • -
  • May 2032
Tenant Industry SF OCCUPIED RENT/SF Lease End
Dollar General Retailer 9,026 SF - May 2032

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0000-13-03S-12E-1-023-00
Land Assessment
£2,595
Improvements Assessment
£112,725
Total Assessment
£115,319
  • Listing ID: 24754962

  • Date on Market: 03/01/2022

  • Last Updated:

  • Address: 11378 E Hwy 3, Lane, OK 74555

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