17885 116Th St Collinsville, OK 74021
- Retail properties
- 9,230 SF
Current Use by Public Records
- Western Union / Money Transfer Service
- Dollar General / Grocery Store / Dollar Store
Property Details for 17885 116Th St
- Year built
- 2020
- Property size
- 9,230 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,230 square foot Dollar General storefront located at 17885 E 116th St N, Collinsville, OK 74021. The property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $94,452. Built in 2020, this single-tenant building benefits from a corporate guarantee from Dollar General Corporation (NYSE: DG), a company with an investment-grade credit rating of BBB (S&P). The absolute NNN lease significantly minimizes landlord responsibilities, providing a passive income stream. With over 10.7 years remaining on the lease term, and three, five-year option periods with 10% rent increases at the start of each, this investment offers long-term stability and growth potential. Situated within the expanding Tulsa MSA, this Collinsville location thrives due to the area's population growth and economic strength. The surrounding area's demographics are exceptionally strong, with a population exceeding 48,000 and an average household income of $124,175 within a 5-mile radius. Dollar General's proven recession-resistant business model and its position as America's largest retailer further enhance the investment's appeal. This property represents a compelling opportunity for investors seeking a secure, high-yielding, and low-maintenance retail investment. The asking price is $1,400,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Collinsville
- County
- Rogers
- State
- Oklahoma
- Longitude
- -95.7743
- Latitude
- 36.3218
