400 Conner Ave Fairland, OK 74343-4930

Property Details for 400 Conner Ave

Year built

1961

Lot size

0.83 lot acres

Property size

5,064 SF

Property type

Motels

APN

3120-00-004-004-0-000-00

APU

312000004004000000

Description

This exceptional investment opportunity presents a fee-simple, single-tenant retail property fully leased to Dollar General in Fairland, Oklahoma. The 9,002 square-foot building, constructed in 2021 on a 2-acre lot, operates under a 15-year absolute NNN lease with five 5-year renewal options, each including a 10% rent increase. The lease commenced April 30, 2021, and has a remaining term of approximately 11.4 years. The property boasts a strong 6.35% cap rate and a substantial net operating income (NOI) of $89,698. The tenant, Dollar General, provides a corporate guarantee, minimizing landlord responsibilities. This build-to-suit property offers a secure, long-term investment with significant upside potential due to the built-in rent escalations. Located at 400 W Conner Ave, Fairland, OK 74343, this property represents a compelling addition to any diversified portfolio. The asking price is $1,413,000, translating to a price per square foot of $156.97. This is a rare opportunity to acquire a high-quality, passively managed retail investment with a blue-chip tenant and a proven track record.

Location Insight

City

Fairland

County

Ottawa

State

Oklahoma

Longitude

-94.8426

Latitude

36.7537

CBSA code

33060

CBSA name

MIAMI, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments