32390 Highway 82 - Freestanding FOR SALE


Cookson, OK 74427
$1,921,000 USD
918-384-9604
32390 Highway 82, Cookson, OK for Sale
$1,921,000 USD
Freestanding - FOR SALE
1/14
null | 6.9% Cap Rate

32390 Highway 82
Cookson, OK 74427


HIGHLIGHTS

  • Recently Built Dollar General Market | Absolute NNN Lease
  • 2023 Construction on a 12,668 SF Building Situated on a 1.54-Acre Parcel
  • Absolute NNN Lease – Zero Landlord Responsibilities
  • 5% Rental Increases Every 5 Years, Including All Renewal Options
  • Five (5) Tenant Renewal Options of Five Years Each
  • Essential Retail Backed by Investment Grade National Tenant

OVERVIEW

SHOP Companies is pleased to present the opportunity to acquire a Dollar General Market, constructed and delivered in late 2023, located in the scenic lakeside community of Cookson, Oklahoma. With 13.5 years remaining on the lease, the 12,668-squarefoot building sits on a 1.54-acre parcel with an Absolute NNN lease, offering zero landlord responsibilities. The lease includes 5% rental increases every five years, including during each of the five (5) five-year renewal options, ensuring built-in income growth and long-term stability. As an upgraded “Market” format, this location offers a broader assortment of fresh foods, groceries, and household essentials— enhancing the shopping experience and increasing customer draw in a rural trade area with no other comparable retail within a 10+ mile radius. Strategically positioned off State Highway 82/S & Blue Top Road, the property benefits from high visibility and accessibility just east of Lake Tenkiller, one of Oklahoma’s most visited recreational destinations. This is a relocation of a high-performing Dollar General just up the street, expanded to the larger DG Market format to meet strong demand. Serving as the primary provider of essential goods for both local residents and seasonal visitors, the store is exceptionally well-positioned for long-term success. Lake Tenkiller is known for its crystal-clear waters, the lake attracts year-round tourism from across the region, offering boating, camping, and some of the state’s best scuba diving. With 10 marinas, over 20 boat ramps, and 14 public campgrounds, Lake Tenkiller generates sustained traffic and demand for local retail. This investment presents a rare opportunity to own a newly constructed, net-leased asset in a beautiful, supply-constrained lakefront market with strong tenant credit and long-term upside.

FOR SALE DETAILS

PRICE

$1,921,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DG Market - Cookson, OK

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

-

APN/PARCEL ID

0000-12-14N-22E-0-075-00

ASK ABOUT THIS PROPERTY

Matt MaguireSHOP CompaniesMore Info
918-384-9604

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Matt MaguireSHOP CompaniesMore Info
918-384-9604

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