Dollar General – Talala, OK
Fortis Net Lease is pleased to present this brand new 10,566 SF. Dollar General Plus store with an upgraded brick facade located in Talala, OK – part of the Tulsa Market! The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5 Year) 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 finished construction and successfully opened for business in November 2023.
This Dollar General is highly visible as it is strategically positioned on the corner of E340 Rd & Highway 169, seeing 6,613 cars per day. The ten mile population from the site is 10,411 while the three mile average household income is $85,534 per year, making this location ideal for a Dollar General. This area is also seeing a steady increase in population growth. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of 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 6.80% cap rate based on the NOI of $108,084.
INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Opened in November 2023
• Zero Landlord Responsibilities
• 5 (5 Year) Options | 10% Increases At Each Option
• Corner Location | Across from Mid America Farm & Ranch
• 2023 BTS Construction | Upgraded Brick Storefront
• Three Mile Household Income $65,145
• Ten Mile Population 10,411 | Expected 3.62% Growth
• 6,613 Cars Per Day at E340 Rd & Highway 169
• Investment Grade Dollar Store With “BBB” Credit Rating
• On Main Thoroughfare Connecting Cities
• Limited Competition Area | The Only Dollar Store Serving the Community!
Instate Broker of Record: Brian Brockman | Bang Realty