Dollar General | 120 W Main St
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Dollar General 120 W Main St Local commercial 1 045 m² À vendre Cordell, OK 73632 407 346 € (389,75 €/m²) Taux de capitalisation 7,50 %
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Long-Term Corporate Tenant With Over 25 Years of Operating History
- Current Annual Rent of Just $34,800 or ~$3.10/SF Offers Below-Market Basis for Future Renewal or Re-Tenanting
- Full Interior and Exterior Remodel Completed by Tenant in 2012
- Extremely Low Rent With Future Upside Potential
- No Remaining Renewal Options—Landlord Has Full Negotiating Leverage at Expiration
- Located Within Driving Distance of Oklahoma City MSA
RÉSUMÉ ANALYTIQUE
Marcus & Millichap is pleased to present the opportunity to acquire a long-standing, corporately guaranteed Dollar General located at 120 W Main Street in New Cordell, Oklahoma. Dollar General has occupied this location for over 25 years and currently operates under a corporate-backed double net (NN) lease with approximately 5.25 years remaining. The tenant pays just $2,900 per month—an extremely low rent level of approximately $3.10 per square foot—offering significant future upside upon lease renewal or repositioning.
The ±11,250-square-foot building sits on a ±0.28-acre parcel at a central location along Cordell’s Main Street, just steps from the Washita County Courthouse and other civic anchors. Dollar General completed a full remodel of the store in 2012, and the landlord is only responsible for roof and structure. The lease includes no remaining options, which opens the door for renegotiation or redevelopment in the near future.
New Cordell is the county seat of Washita County and serves as a key retail and services hub for the surrounding rural area. The store benefits from limited retail competition, a captive customer base, and proximity to schools, parks, and regional employers. With stable in-place income, a low acquisition basis, and corporate tenancy, this offering presents an attractive opportunity for investors seeking yield today with long-term flexibility and upside potential.
The ±11,250-square-foot building sits on a ±0.28-acre parcel at a central location along Cordell’s Main Street, just steps from the Washita County Courthouse and other civic anchors. Dollar General completed a full remodel of the store in 2012, and the landlord is only responsible for roof and structure. The lease includes no remaining options, which opens the door for renegotiation or redevelopment in the near future.
New Cordell is the county seat of Washita County and serves as a key retail and services hub for the surrounding rural area. The store benefits from limited retail competition, a captive customer base, and proximity to schools, parks, and regional employers. With stable in-place income, a low acquisition basis, and corporate tenancy, this offering presents an attractive opportunity for investors seeking yield today with long-term flexibility and upside potential.
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement triple net
Type de bien
Local commercial
Sous-type de bien
Surface de l’immeuble
1 045 m²
Année de construction/rénovation
1925/2012
Prix
407 346 €
Prix par m²
389,75 €
Taux de capitalisation
7,50 %
RNE
30 551 €
Occupation
Mono
Hauteur de l’immeuble
1 Étage
Coefficient d’occupation des sols de l’immeuble
0,91
Surface du lot
0,11 ha
Zonage
C1
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TAXES FONCIÈRES
| Numéro de parcelle | A001-00-052-021-0-001-00 | Évaluation des aménagements | 19 050 € |
| Évaluation du terrain | 350 € | Évaluation totale | 19 399 € |
TAXES FONCIÈRES
Numéro de parcelle
A001-00-052-021-0-001-00
Évaluation du terrain
350 €
Évaluation des aménagements
19 050 €
Évaluation totale
19 399 €
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Dollar General | 120 W Main St
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