Dollar General – Burneyville, OK
Fortis Net Lease is pleased to present this 9,100 SF. Dollar General store with an upgraded brick facade located in Burneyville, Oklahoma. The property is secured with an Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains four (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently open with rent having commenced in May 2019. Just 1/2 Mile from the site is Falcon Head Resort & Country Club, a popular local and tourist destination.
This Dollar General is highly visible as it is strategically positioned on State Highway 32 which sees 1,825 cars per day. The ten mile population from the site is 2,838 while the three mile average household income is $63,000 per year, making this location ideal for a Dollar General. This area is experiencing great growth with the three mile population growth rate at 8.02%. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects an 6.90% cap rate based on NOI of $77,712.
• Absolute (NNN) Lease | Zero Landlord Responsibilities
• 1/2 Mile From Falcon Head Resort & Country Club
• Four (5 Year) Options | 10% Rental Increase At Each Option
• Three Mile Household Income $63,000
• Ten Mile Population 2,838 With Expected 5.78% Growth
• Three Mile Population Growth Rate 8.02%
• 1,825 Cars Per Day on State Highway 32
• Investment Grade Dollar Store with “BBB” Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth
• Directly Across the Street From Turner High School
• No Competition Within 10 Miles
Instate Broker of Record: Jason Wells| Insight Commercial Real Estate Brokerage, LLC | License #148638