3701 23Rd St Broken Arrow, OK 74014
- Retail properties
- 10,566 SF
- 1.09 lot acres
Current Use by Public Records
- Dollar General / Grocery Store / Convenience Store
Property Details for 3701 23Rd St
- Year built
- 2023
- Lot size
- 1.09 lot acres
- Property size
- 10,566 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity features a brand-new, 10,566-square-foot Dollar General store in Broken Arrow, Oklahoma. Located at 3701 S 23rd St, 74014, this single-tenant property sits on a 1.09-acre lot and boasts a 15.1-year lease, commencing December 8, 2023, and expiring December 31, 2038. The current annual net operating income (NOI) is $104,864, representing a compelling 6.50% capitalization rate. The lease is a triple-net (NNN) agreement, meaning the tenant is responsible for all property expenses, including taxes, insurance, and maintenance. This minimizes landlord responsibilities and maximizes passive income. The lease includes built-in rent increases of 5% every five years, providing consistent growth potential. The property benefits from its location in a high-traffic area and the strong creditworthiness of Dollar General, a publicly traded company (NYSE: DG) operating thousands of stores nationwide. This is a turnkey investment with a long-term lease and a highly reputable tenant, making it an attractive addition to any portfolio. The building was constructed in 2023 and offers ample parking. This is a rare opportunity to acquire a new construction Dollar General with a significant remaining lease term and attractive financial metrics.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Broken Arrow
- County
- Wagoner
- State
- Oklahoma
- Longitude
- -95.7606
- Latitude
- 36.029
