1000 Main St, Boise City, OK 73933
- Outlet malls
- 9,175 SF
- 1.03 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 1000 Main St
- Year built
- 2010
- Lot size
- 1.03 lot acres
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 0050-00-D08-020-0-000-00
- APU
- 005000D08020000000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 19, 2013 | $875,000 | Goel LLC | Boise City Dg LLC | Warranty Deed | — |
Description
This fee-simple retail property in Boise City, Oklahoma, offers a compelling investment opportunity. The 9,175 square foot building is 100% occupied by a Dollar General store under a triple net (NN) lease with a corporate guarantee, providing limited landlord responsibilities. The lease commenced July 1, 2024, and has a remaining term of 5.4 years, with three 5-year renewal options, each including a 10% rent increase. The property boasts a strong 8.25% cap rate and an NOI of $86,400, generating significant cash flow. Built in 2010, the property sits on a 1.03-acre lot with 33 parking spaces and is zoned for general commercial use. Its prime location at 1000 E Main St, next to a Loves Truck Stop, ensures high visibility and traffic. The property benefits from Dollar General's national insurance program and a 20-year operating history in the area, with no direct competition within a 30-mile radius. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment with significant long-term potential. The APN is 0050-00-D08-020-0-000-00. The asking price is $1,047,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Boise City
- County
- Cimarron
- State
- Oklahoma
- Longitude
- -102.5
- Latitude
- 36.73
