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    11378 Ok-3 Lane, OK 74555

    For Sale
    $1,438,189

    High-Yield, NNN Lease in OK

    Property size:
    9,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a single-tenant, 9,026 square foot Dollar General store located at 11378 OK-3, Lane, OK 74555. Built in 2017, this property boasts a strong 7.5-year remaining lease term (expiring 05/31/2032) with four, five-year renewal options, providing long-term stability. The absolute NNN lease structure minimizes landlord responsibilities, while the corporate guarantee from Dollar General Corporation (NYSE: DG), a Fortune 500 company with a strong credit rating (S&P BBB, Moody's Baa2), ensures consistent cash flow. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $76,224 and a compelling 5.30% cap rate. Situated on a one-acre lot, this well-maintained building benefits from minimal competition from other national dollar store chains within a ten-mile radius. The asking price is $1,438,189, translating to $159.34 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The property's resilience during the pandemic, demonstrating a 21.5% net sales increase for the tenant, further underscores its investment strength.

    Property Features for 11378 Ok-3

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,026 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Investment‑grade lease guaranteed by Dollar General Corporation (NYSE: DG), a Fortune 500 company.
    • Dollar General enjoys strong credit ratings (S&P: BBB, Moody's: Baa2).
    • Pandemic‑resistant investment; Dollar General experienced significant sales growth during COVID‑19.
    • 2017 built‑to‑suit Dollar General store.
    • Absolute NNN lease; minimal landlord responsibilities.
    • Minimal dollar store competition within a 10‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Lane
    County
    Atoka
    State
    Oklahoma
    Longitude
    -95.9945363
    Latitude
    34.3009372

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield, NNN Lease in OK
    Where is this individual retail property located?
    The property is located at 11378 Ok-3 Lane, OK.
    What is the asking price?
    The asking price for this property is $1,438,189.
    What are key features of this property?
    This property features: Investment-grade lease guaranteed by Dollar General Corporation (NYSE: DG), a Fortune 500 company.; Dollar General enjoys strong credit ratings (S&P: BBB, Moody's: Baa2).; Pandemic-resistant investment; Dollar General experienced significant sales growth during COVID-19.
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    Lane, OK 74555
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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
    11378 Ok-3 Lane, OK 74555
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