Property Details for 98158 Us-59

Year built

2022

Lot size

1.89 lot acres

Property size

10,640 SF

Property type

Retail properties & Spaces

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.

Location Insight

City

Sallisaw

County

Sequoyah

State

Oklahoma

Longitude

-94.6841

Latitude

35.591