Single-Tenant NNN Retail
For Sale
Contact for pricing
202 N Eastern Avenue, Hominy, OK 74035
Completed in 2023 and occupied by Dollar General Market under an absolute triple-net lease.
Property Size12,687 SF
Price / SF$172.85
Days on Market47
Property Features for 202 N Eastern Avenue
General Information
Standard status
Active
Size
12,687 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$144,709
Additional Details
Gross Income
$144,709
Building Details
Year Built
2023
Buildings
1
Tenancy
Single
Listing Agency:
DUWEST
Listed By:
Will Walters · License #TX 596941
Source:
Crexi
Added: Jul 17
Changed: Aug 30
Last Checked: Aug 30 at 9:45PM
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 DUWEST
Investment Insights
Based on property information with market context.
This 12,687-square-foot, single-tenant retail property was built in 2023 and is occupied by Dollar General Market. The lease is structured on an absolute triple-net basis and commenced October 11, 2023, providing a clearly defined operating framework for the property.
Located at 202 N Eastern Avenue in Hominy, Oklahoma, the store serves a market identified as having no other grocery store within a 10-mile radius. The lease includes scheduled 5% increases every five years, adding a defined escalation schedule to the tenancy. The property combines a dedicated retail building, an established national operator, and a grocery-oriented use in the Hominy market.
Located at 202 N Eastern Avenue in Hominy, Oklahoma, the store serves a market identified as having no other grocery store within a 10-mile radius. The lease includes scheduled 5% increases every five years, adding a defined escalation schedule to the tenancy. The property combines a dedicated retail building, an established national operator, and a grocery-oriented use in the Hominy market.
Key Highlights
- 12,687‑square‑foot single‑tenant retail building
- Built in 2023
- Occupied by Dollar General Market
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
$181,287
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
8.27%
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%
$3,625,740
$3.6M
Cap Rate 7%
$2,589,814
$2.6M
Cap Rate 9%
$2,014,300
$2.0M
Market Conditions
NOI Build-Up for 12,687 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
$269.5K $21.24/SF
− Vacancy
−$27.8K −$2.19/SF
EGI
$241.7K $19.05/SF
− OpEx
−$60.4K −$4.76/SF
NOI
$181.3K $14.29/SF
Area
Osage 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%
$3,625,740
Cap Rate 7%
$2,589,814
Cap Rate 9%
$2,014,300
Alternative Uses
Best Use
Specialty Retail
$2.59M
$2.27M – $3.02M
NOI $181,287 @ 7.0% cap · market cap 8.27%
Second Best
Retail
$2.34M
$2.05M – $2.73M
NOI $164,004 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,391 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Conoco
Shops & Services
4,724 visits/mo
0.1 miles
SONIC Drive In
Dining
4,257 visits/mo
0.0 miles
Dollar Tree
Shops & Services
3,185 visits/mo
0.2 miles
Simple Simon's Pizza
Dining
2,390 visits/mo
0.1 miles
Daylight Donuts
Dining
1,893 visits/mo
0.5 miles
Demographics for 74035, OK
4,288
Population
1,573
Households
2.7
Avg Household Size
40
Median Age
11%
College-Educated
78%
High-School Grad
234.5 sq mi
ZIP Area
18
Density / Sq Mi
$46,026
Median Household Income
$30,184
Median Earnings
$677
Median Rent
$99,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Completed in 2023 and occupied by Dollar General Market under an absolute triple-net lease.
Where is this nnn property located?
The property is located at 202 N Eastern Avenue Hominy, OK.
What is the asking price?
The asking price for this property is $2,193,000.
What are key features of this property?
This property features: 12,687‑square‑foot single‑tenant retail building; Built in 2023; Occupied by Dollar General Market
