Current Use by Public Records
- Retail properties & Spaces
Property Details for 411 Pkwy Ln
- Year built
- 2022
- Lot size
- 1.50 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 10,640-square-foot Dollar General Plus grocery store in Haileyville, Oklahoma. The property, built in 2022, sits on a 1.5-acre lot at 411 Parkway Lane, and is currently 100% occupied under a 15.1-year absolute NNN lease with Dollar General. The lease commenced July 15, 2022, and expires July 31, 2037, leaving a substantial 12.7 years remaining. The lease includes four, five-year renewal options with 10% rent increases in each. The asking price is $1,433,000, representing a price per square foot of $134.68 and a 6.25% cap rate based on a current Net Operating Income (NOI) of $89,556. Dollar General, a credit-rated tenant, provides significant stability and long-term income potential. This build-to-suit property offers a compelling combination of a strong tenant, a long-term lease, and attractive financial metrics, making it an ideal addition to any diversified portfolio. The property's location in Pittsburg County, Oklahoma, further enhances its appeal.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wardville
- County
- Pittsburg
- State
- Oklahoma
- Longitude
- -95.5813
- Latitude
- 34.8552
