98158 Us-59 Sallisaw, OK 74955
- Retail properties
- 10,640 SF
- 1.89 lot acres
Current Use by Public Records
- Retail properties
Property Details for 98158 Us-59
- Year built
- 2022
- Lot size
- 1.89 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity features a brand-new, 10,640 square foot Dollar General store in Sallisaw, Oklahoma. Built in 2022, the property sits on a 1.89-acre lot and boasts a 15-year absolute NNN lease with five, five-year renewal options, each including a 10% rent increase. The tenant, Dollar General (NYSE: DG), is an investment-grade company with a strong financial history and a BBB rating from Standard & Poor's. The property generates a substantial net operating income (NOI) of $86,088, resulting in a compelling 6.25% cap rate. This strategically located store serves a regional population, providing essential goods and services to residents between larger nearby cities. The lease commenced August 23, 2022, and has a remaining term of approximately 12.8 years, offering long-term stability and predictable cash flow for investors. The property's 100% occupancy ensures consistent revenue generation. This fee-simple ownership presents a rare opportunity to acquire a high-performing, passively managed retail asset with a blue-chip tenant in a growing market. The asking price is $1,378,000. This is a turnkey investment ideal for those seeking secure, long-term returns. The property's location in Sequoyah County, Oklahoma, zip code 74955, at 98158 US-59, provides excellent accessibility and visibility.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sallisaw
- County
- Sequoyah
- State
- Oklahoma
- Longitude
- -94.6841
- Latitude
- 35.591
