Dollar General Absolute NNN
New
For Sale
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13501 Southeast Lee Boulevard, Lawton, OK 73501
New construction retail asset leased under an absolute NNN structure.
Property Size10,640 SF
Price / SF$213.23
Days on Market7
Property Features for 13501 Southeast Lee Boulevard
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$145,198
Building Details
Year Built
2026
Units
1
Tenancy
Single
Listing Agency:
SHOP Companies
Listed By:
Will Lightfoot · License #OK 156466
Source:
Crexi
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 11 at 6:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SHOP Companies
Investment Insights
Based on property information with market context.
This 10,640-square-foot commercial property was built in 2026 as brand-new construction and is leased to Dollar General. The asset is offered for sale and features an absolute NNN lease structure.
The lease has a 15-year initial term, five (5), 5-year renewal options, and 5% rental increases every five (5) years. The property is located at 13501 Southeast Lee Boulevard in Lawton, Oklahoma 73501.
The lease has a 15-year initial term, five (5), 5-year renewal options, and 5% rental increases every five (5) years. The property is located at 13501 Southeast Lee Boulevard in Lawton, Oklahoma 73501.
Key Highlights
- 10,640‑square‑foot commercial property
- 2026 brand‑new construction
- Leased to Dollar General
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$152,037
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,040,740
$3.0M
Cap Rate 7%
$2,171,957
$2.2M
Cap Rate 9%
$1,689,300
$1.7M
Market Conditions
NOI Build-Up for 10,640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$226.0K $21.24/SF
− Vacancy
−$23.3K −$2.19/SF
EGI
$202.7K $19.05/SF
− OpEx
−$50.7K −$4.76/SF
NOI
$152.0K $14.29/SF
Area
Comanche County, OK
Vacancy
10.30%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,040,740
Cap Rate 7%
$2,171,957
Cap Rate 9%
$1,689,300
Alternative Uses
Best Use
Specialty Retail
$2.17M
$1.90M – $2.53M
NOI $152,037 @ 7.0% cap · market cap 6.70%
Second Best
Retail
$2.03M
$1.77M – $2.37M
NOI $141,901 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,154 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Hotels & Casinos 30%
Home Improvements & Furnishings 16%
Conoco
Shops & Services
1,849 visits/mo
0.1 miles
Motel 6 Lawton, OK
Hotels & Casinos
1,209 visits/mo
0.1 miles
Airgas
Home Improvements & Furnishings
656 visits/mo
0.2 miles
Gerber Collision & Glass
Shops & Services
375 visits/mo
0.4 miles
Demographics for 73501, OK
19,158
Population
9,216
Households
2.1
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
105.0 sq mi
ZIP Area
182
Density / Sq Mi
$49,061
Median Household Income
$31,399
Median Earnings
$831
Median Rent
$119,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - New construction retail asset leased under an absolute NNN structure.
Where is this nnn property located?
The property is located at 13501 Southeast Lee Boulevard Lawton, OK.
What is the asking price?
The asking price for this property is $2,268,718.
What are key features of this property?
This property features: 10,640‑square‑foot commercial property; 2026 brand‑new construction; Leased to Dollar General
