Dollar General – Choctaw, OK

Cap Rate
Leasable Area
Year Built


Patrick Hammond

Senior Director

Ben Schultz

Senior Director



Fortis Net Lease is pleased to present this 9,100 SF upgraded, all brick Dollar General store located in Choctaw, OK. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The parking lot is full concrete. 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 open with rent having commenced on 3/13/2019.

This Dollar General is highly visible and is strategically positioned on the hard corner of SE 104th Street and S Choctaw Road which sees 3,994 cars per day. The ten mile population from the site is 118,654 while the three mile average household income is $98,118 per year, making this location ideal for a Dollar General. This area is also experiencing great growth with the three mile population growth rate at 4.03%. 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 a 6.75% cap rate based on NOI of $99,408.


• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• Four (5 Year) Options | 10% Rental Rate Increases at Each
• Upgraded Full Brick Construction
• Concrete Parking Lot
• Three Mile Household Income $98,118
• Ten Mile Population 118,654
• Three Mile Population Growth Rate 4.03%
• Dollar General announced 32nd Straight Quarter of Same Store Sales Growth
• No Competition Within 6 Miles
• Oklahoma City MSA

Instate Broker of Record: Jason Wells | Insight Commercial Real Estate Brokerage | License # 148638