For Sale
$1,375,000

1414 Main StGuymon, OK 73942

High-Yield Retail Property in Oklahoma

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity features a 9,026-square-foot Dollar General store located at 1414 N Main St, Guymon, OK 73942. The property, classified as Class C retail, operates under a Net Lease (NN+) agreement with a single tenant, Dollar General, boasting 100% occupancy since March 16, 2011. The current lease commenced March 11, 2011, and has a remaining term of 10 years, with five additional renewal options, each including a 10% rent increase. The asking price is $1,375,000, translating to a price per square foot of $152.34 and a compelling 6.45% cap rate based on a Net Operating Income (NOI) of $88,667. The property sits on a corner lot in Guymon, Oklahoma, within close proximity to other national retailers. The roof was recently replaced less than a year ago, minimizing landlord responsibilities and ensuring long-term operational efficiency. This is an ideal investment for those seeking passive income generation with a strong, established tenant and significant lease term remaining. The seller is open to discussing creative financing options.

Highlights

  • 9,026 SF Dollar General store in Guymon, OK on a corner lot.
  • Net lease (NN+) with Dollar General; 100% occupancy since March 16, 2011.
  • 10-year lease remaining with five 10% rent increase renewal options.
  • $1,375,000 asking price; $152.34/SF; 6.45% cap rate based on $88,667 NOI.
  • Roof recently replaced; Class C retail; near other national retailers.
  • Seller open to creative financing.

Property Details for 1414 Main St

Property type
Retail properties, Retail space
Square Feet
9,026 SF
Class
C

Location Insight

City
Guymon
County
Texas
State
Oklahoma
Latitude
36.6924996
Longitude
-101.4825297
1414 Main St, Guymon, Oklahoma

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1414 Main St
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