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    22428 County Road 230 Morrison, OK 73061

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    For Sale
    $1,909,000

    New construction Dollar General with corporate guaranty and zero landlord obligations.

    Property size:
    10,566 SF
    Lot size:
    4.45 Acres

    Property Features for 22428 County Road 230

    General Information

    Size
    10,566 SF
    Lot size
    4.45 Acres

    Source: CP Partners Agent John Andreini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Dollar General Investment Opportunity

    This property features a brand-new 15-year lease with 5% rental increases every 5 years throughout the base term and options. The property is a 2025 build-to-suit construction Dollar General prototype. The lease is backed by a corporate guaranty from Dollar General, ranked #108 on the Fortune 500 list. The absolute net lease structure requires zero landlord expense or maintenance obligations. The company has an investment grade S&P credit rating of BBB, which has been raised five times since 2009. The property is located in an affluent Dollar General submarket with average household incomes of $93,000 within a 5-mile radius. The property contains 10,566 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Auto Repair Shop Storage Facility Grocery Store Garden Center Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morrison
    County
    Noble
    State
    Oklahoma
    Longitude
    -97.066633
    Latitude
    36.283546

    FAQs

    What type of property is this?
    Grocery and convenience store - New construction Dollar General with corporate guaranty and zero landlord obligations.
    Where is this grocery and convenience store located?
    The property is located at 22428 County Road 230 Morrison, OK.
    What is the asking price?
    The asking price for this property is $1,909,000.
    What are key features of this property?
    This property features: - Corporate guaranty from Dollar General (Fortune 500 #108); - Absolute net lease with zero landlord obligations; - Brand-new 15-year lease with 5% rental increases every 5 years
    (415) 274-2715
    Request Owner's contact information
    22428 County Road 230 Morrison, OK 73061
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    22428 County Road 230
    Morrison, OK 73061
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22428 County Road 230 Morrison, OK 73061
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