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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

524 Fir St Perry, OK 73077

Built 2012
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 9,100-square-foot Dollar General store located at 524 Fir St, Perry, OK 73077. Built in 2012, the property boasts an absolute NNN lease with an investment-grade tenant (BBB rating from S&P), offering zero landlord responsibilities. The current lease, with three 5-year renewal options, has eight years remaining, demonstrating the tenant's strong commitment. The property generates a substantial NOI of $83,321, translating to an attractive 8% cap rate on the $1,041,516 asking price. Situated approximately 25 miles Northwest of Stillwater, OK, home to Oklahoma State University, this location benefits from a strong population base and convenient access to Stillwater Regional Airport. The property's 100% occupancy and the tenant's proven resilience, even during the COVID-19 pandemic, underscore its stability and long-term income potential. Rent bumps are included in the lease options. This is a rare chance to acquire a passively managed, high-yield retail investment with a blue-chip tenant.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2012
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FedEx OnSite Postal Service Courier Service
  • Dollar General Discount Store
  • Western Union Bank Credit Union
  • Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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