22428 County Road 230 - Retail FOR SALE


Morrison, OK 73061
$1,937,000 USD
650-678-7200
22428 County Road 230, Morrison, OK for Sale
$1,937,000 USD
Retail - FOR SALE
1/3
null | 6.9% Cap Rate

22428 County Road 230
Morrison, OK 73061


HIGHLIGHTS

  • Brand-new 15-year lease featuring 5% rental increases every 5 years throughout the base term and options
  • 2025 build-to-suit construction Dollar General prototype
  • The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
  • Absolute net lease structure features zero Landlord expense or maintenance obligations, providing an investor with a truly “hands-off” investment
  • The company features an investment grade S&P credit rating of BBB, which has been raised five times since 2009
  • Affluent DG submarket – average household incomes of $93,000 within a 5-mile radius of the subject property

OVERVIEW

New lease structure, 15-year absolute net Dollar General featuring 5% rental increases every 5 years throughout the base term and options. The tenant is the country’s largest small-box discount retailer with over ~20,000 stores nationwide and boasts an investment grade credit rating (S&P: BBB).

FOR SALE DETAILS

PRICE

$1,937,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

6999-00-000-035-0-001-00

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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