Current Use by Public Records
- Specialty properties
Property Details for 4014 Willow Ave
- Year built
- 2024
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640-square-foot Dollar General store in Enid, Oklahoma. Built in 2024, the property boasts a 100% occupancy rate with a strong, credit-rated corporate guarantee from Dollar General Corporation (S&P rating: BBB). The absolute NNN lease, commencing June 7, 2024, and expiring June 29, 2039, requires no landlord responsibilities. The lease includes four, five-year renewal options with a 5% rent increase every five years, ensuring consistent income growth. The property's strategic location at 4014 W Willow Ave, Enid, OK 73703, benefits from high traffic volume (17,000+ vehicles daily) and a strong local customer base within a 5-mile radius of over 48,000 residents. The affluent surrounding community boasts an average household income exceeding $109,000. The asking price is $2,070,580, representing a compelling 6.75% cap rate and a price per square foot of $194.60. The property generates a net operating income (NOI) of $139,764. This is a turnkey investment with significant long-term potential.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Enid
- County
- Garfield
- State
- Oklahoma
- Longitude
- -97.9274
- Latitude
- 36.4203
