1414 Main St Guymon, OK 73942
- Retail properties
- 9,026 SF
Current Use by Public Records
- Dollar General / Dollar Store / Convenience Store
- Western Union / Money Transfer Service
- FedEx OnSite / Mailing Service
- Redbox / Dvd Store / Movie Rental Store
Property Details for 1414 Main St
- Property size
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity features a 9,026-square-foot Dollar General store located at 1414 N Main St, Guymon, OK 73942. The property, classified as Class C retail, operates under a Net Lease (NN+) agreement with a single tenant, Dollar General, boasting 100% occupancy since March 16, 2011. The current lease commenced March 11, 2011, and has a remaining term of 10 years, with five additional renewal options, each including a 10% rent increase. The asking price is $1,375,000, translating to a price per square foot of $152.34 and a compelling 6.45% cap rate based on a Net Operating Income (NOI) of $88,667. The property sits on a corner lot in Guymon, Oklahoma, within close proximity to other national retailers. The roof was recently replaced less than a year ago, minimizing landlord responsibilities and ensuring long-term operational efficiency. This is an ideal investment for those seeking passive income generation with a strong, established tenant and significant lease term remaining. The seller is open to discussing creative financing options.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Guymon
- County
- Texas
- State
- Oklahoma
- Longitude
- -101.483
- Latitude
- 36.6925
