201 Clayton Ave - Freestanding FOR SALE


Poteau, OK 74953
$515,000 USD
630-843-1989
201 Clayton Ave, Poteau, OK for Sale
$515,000 USD
Freestanding - FOR SALE
1/8
null | 7.39% Cap Rate

201 Clayton Ave
Poteau, OK 74953


HIGHLIGHTS

  • Tenant NN in place
  • 5.5 Years of Remaining Lease Term
  • Two (2) Additional Five (5) Year Options to Renew
  • direct street access

OVERVIEW

Open since 1992, the Dollar General at 201 Clayton Ave in Poteau, OK serves as a vital grocer for the area. The 14,000 SF store is leased on a NN lease and currently has over 5.5 Years of remaining Lease Term. Following the expiration of the existing Lease Term, Dollar General retains two (2) additional five (5) year renewal options. Beginning in March of 2027, the base rent will increase to $42,619.56/year. Dollar General is currently paying $2,400/year in CAM charges with no reconciliations. Additionally they reimburse Taxes up to $3,500/year and Insurance up to $2,100/year. 5.5 Years of Remaining Lease Term Two (2) Additional Five (5) Year Options to Renew Operating in Current Location since 1992 NN Lease with CAM, Tax, Ins Reimbursements Limited Landlord Responsibilities

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

7.39%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,000 SF

ZONING

Retail

APN/PARCEL ID

Q001-00-091-000-0-001-00

ASK ABOUT THIS PROPERTY

AJ TolbertCreek Price EdwardsMore Info
630-843-1989

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AJ TolbertCreek Price EdwardsMore Info
630-843-1989

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.