11378 Ok-3 Lane, OK 74555
- Retail properties
- 9,026 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 11378 Ok-3
- Year built
- 2017
- Lot size
- 1.00 lot acres
- Property size
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lane
- County
- Atoka
- State
- Oklahoma
- Longitude
- -95.9945
- Latitude
- 34.3009
