Net Leased Grocery Retail
For Sale
Contact for pricing
3608 East Gore Boulevard, Lawton, OK 73501
Brand-new DG Market is leased under an absolute NNN structure with a 15-year term and renewal options.
Property Size10,640 SF
Price / SF$221.99
Days on Market63
Property Features for 3608 East Gore 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
$149,999
Building Details
Year Built
2026
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SHOP Companies
Listed By:
Will Lightfoot · License #OK 156466
Source:
Crexi
Added: Jul 7
Changed: Aug 25
Last Checked: Sep 7 at 6:22AM
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.
Shop Companies offers for sale a brand-new construction, absolute NNN leased DG Market in Lawton, Oklahoma.
The property is positioned just off E. Gore Boulevard, which carries nearly 9K vehicles per day, providing convenient access to surrounding residential neighborhoods. It is directly in front of The Flats at MacArthur and across from Legend Park Apartments, with nearby support from the Regal Estates neighborhood.
The facility is leased to Dollar General (DG) under a 15-year lease structure. The lease includes rental increases of 5% every 5 years, with corresponding increases during each of the five 5-year option periods.
The property is positioned just off E. Gore Boulevard, which carries nearly 9K vehicles per day, providing convenient access to surrounding residential neighborhoods. It is directly in front of The Flats at MacArthur and across from Legend Park Apartments, with nearby support from the Regal Estates neighborhood.
The facility is leased to Dollar General (DG) under a 15-year lease structure. The lease includes rental increases of 5% every 5 years, with corresponding increases during each of the five 5-year option periods.
Key Highlights
- Brand‑new construction Dollar General DG Market (Year Built: 2026) in Lawton, OK
- Absolute NNN lease structure with a 15‑year initial term and renewal options
- Lease features 5% rental increases every 5 years and in each of the five 5‑year option periods
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
6.44%
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 6.44%
Second Best
Retail
$2.03M
$1.77M – $2.37M
NOI $141,901 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,154 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
8,482 visits/mo
0.1 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 - Brand-new DG Market is leased under an absolute NNN structure with a 15-year term and renewal options.
Where is this nnn property located?
The property is located at 3608 East Gore Boulevard Lawton, OK.
What is the asking price?
The asking price for this property is $2,362,000.
What are key features of this property?
This property features: Brand‑new construction Dollar General DG Market (Year Built: 2026) in Lawton, OK; Absolute NNN lease structure with a 15‑year initial term and renewal options; Lease features 5% rental increases every 5 years and in each of the five 5‑year option periods
