For Sale
$1,378,000

98158 Us-59 Sallisaw, OK 74955

Sallisaw, OK: NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity features a brand-new, 10,640 square foot Dollar General store in Sallisaw, Oklahoma. Built in 2022, the property sits on a 1.89-acre lot and boasts a 15-year absolute NNN lease with five, five-year renewal options, each including a 10% rent increase. The tenant, Dollar General (NYSE: DG), is an investment-grade company with a strong financial history and a BBB rating from Standard & Poor's. The property generates a substantial net operating income (NOI) of $86,088, resulting in a compelling 6.25% cap rate. This strategically located store serves a regional population, providing essential goods and services to residents between larger nearby cities. The lease commenced August 23, 2022, and has a remaining term of approximately 12.8 years, offering long-term stability and predictable cash flow for investors. The property's 100% occupancy ensures consistent revenue generation. This fee-simple ownership presents a rare opportunity to acquire a high-performing, passively managed retail asset with a blue-chip tenant in a growing market. The asking price is $1,378,000. This is a turnkey investment ideal for those seeking secure, long-term returns. The property's location in Sequoyah County, Oklahoma, zip code 74955, at 98158 US-59, provides excellent accessibility and visibility.

Highlights

  • 15-Year Absolute NNN Lease with five, five-year renewal options, each with a 10% rent increase.
  • Investment-grade tenant: Dollar General (NYSE: DG), with over $38 billion in revenue and a BBB S&P rating.
  • Strategically located in Sallisaw, OK, serving a regional population.
  • 2022-built, 10,640 SF building on 1.89 acres.
  • 100% occupied by Dollar General.

Property Details for 98158 Us-59

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2022
Lot Size (sq. ft)
82,328 SF

Location Insight

City
Sallisaw
County
Sequoyah
State
Oklahoma
Latitude
35.5910317
Longitude
-94.6840663

FAQs

What type of property is this?
Retail property - Sallisaw, OK: NNN Lease, High ROI
Where is the retail property located?
The property is located at 98158 Us-59 Sallisaw, OK.
What is the asking price?
The asking price for this property is $1,378,000.
What are key features of this property?
This property features: 15-Year Absolute NNN Lease with five, five-year renewal options, each with a 10% rent increase.; Investment-grade tenant: Dollar General (NYSE: DG), with over $38 billion in revenue and a BBB S&P rating.; Strategically located in Sallisaw, OK, serving a regional population.
How can I contact the broker?
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98158 Us-59
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