Dollar General – Lane, OK
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Lane, OK. The property is encumbered 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 5/17/2017.
This Dollar General is highly visible and is strategically positioned in Lane, OK. The ten mile population from the site exceeds 4,500 while the three mile average household income exceeds $57,500 per year, making this location ideal for a Dollar General. 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 7.10% cap rate based on NOI of $76,224.
• Brand New Absolute NNN Lease | Zero Landlord Responsibilities
• 15 Year Term | Four (5 Year) Options
• Concrete Parking Lot
• Two Mile Household Income $57,500+
• Ten Mile Population Exceeds 4,500
• Only Dollar Store in the Community
• Dollar General announced 28th Straight Quarter of Same Store Sales Growth
Instate Broker of Record: Jason Wells | Insight Commercial Real Estate Brokerage, LLC