Dollar General 397943 West 3900 Road, Ramona, OK Cap Rate 6% Ramona ( Oklahoma, US ) Built

$1,410,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 9,002 sq. ft.
  • Development Level: Built
  • Lot Size: 1.63 acres
  • Year Built: 2020

Description

Dollar General 397943 West 3900 Road, Ramona, OK Cap Rate 6%

Cap Rate: 6%
NOI: $84,596
Building Size: 9,002 sqft
Lot Area: 1.63 acres
Lease Type: Absolute Net
Year Built: 2020
Tenancy: Single
Parking Spots: 30

Price: $1,410,000 USD

DESCRIPTION
CPSF is pleased to present the opportunity to acquire an absolute NNN Dollar General in Ramona, Oklahoma. The property is a new construction store and features a 15-year primary lease term (14+ years left) with five, 5-year options to extend at increased rents (10% every 5 years during option terms). The lease is backed by a corporate guaranty from Dollar General, #112 on the Fortune 500 list of companies. Additionally, the absolute NNN lease structure features zero Landlord expense or maintenance obligations, providing an investor with a “hands-off” investment.

Dollar General generated $27.8 billion in 2019 fiscal year sales and net income of $1.7 billion. Dollar General currently operates over 17,000 stores in 46 states, making it the country’s largest small-box discount retailer. The company has an S&P rating of BBB, which has been raised five times since 2009, and is a better credit rating than its main competitors.

HIGHLIGHTS
• 15-year Absolute NNN lease backed by corporate guaranty
• Five, 5-year options to extend lease at increased rents
• Zero Landlord maintenance or expense obligations
• Dollar General (S&P: BBB) is a $27.8B revenue company

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.