11378 E Hwy 3
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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
Parcel Number | 0000-13-03S-12E-1-023-00 | Improvements Assessment | £112,725 |
Land Assessment | £2,595 | Total Assessment | £115,319 |
PROPERTY TAXES
Parcel Number
0000-13-03S-12E-1-023-00
Land Assessment
£2,595
Improvements Assessment
£112,725
Total Assessment
£115,319
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11378 E Hwy 3
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