For Sale
$2,070,580

4014 Willow Ave Enid, OK 73703

High-yield NNN retail investment.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640-square-foot Dollar General store in Enid, Oklahoma. Built in 2024, the property boasts a 100% occupancy rate with a strong, credit-rated corporate guarantee from Dollar General Corporation (S&P rating: BBB). The absolute NNN lease, commencing June 7, 2024, and expiring June 29, 2039, requires no landlord responsibilities. The lease includes four, five-year renewal options with a 5% rent increase every five years, ensuring consistent income growth. The property's strategic location at 4014 W Willow Ave, Enid, OK 73703, benefits from high traffic volume (17,000+ vehicles daily) and a strong local customer base within a 5-mile radius of over 48,000 residents. The affluent surrounding community boasts an average household income exceeding $109,000. The asking price is $2,070,580, representing a compelling 6.75% cap rate and a price per square foot of $194.60. The property generates a net operating income (NOI) of $139,764. This is a turnkey investment with significant long-term potential.

Highlights

  • New 2024 Dollar General development with 14+ years remaining on the primary lease term.
  • Absolute NNN lease; no landlord responsibilities.
  • 10,640-square-foot prototype building.
  • Strong local demographics: over 48,000 residents within a 5-mile radius.
  • High-income area: average household income exceeding $109,000 within 1 mile.
  • High-traffic location: over 17,000 vehicles per day on W Willow Rd.

Property Details for 4014 Willow Ave

Property type
Specialty properties, Retail properties
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Units
1

Location Insight

City
Enid
County
Garfield
State
Oklahoma
Latitude
36.420268
Longitude
-97.9273743

FAQs

What type of property is this?
Specialty property - High-yield NNN retail investment.
Where is the specialty property located?
The property is located at 4014 Willow Ave Enid, OK.
What is the asking price?
The asking price for this property is $2,070,580.
What are key features of this property?
This property features: New 2024 Dollar General development with 14+ years remaining on the primary lease term.; Absolute NNN lease; no landlord responsibilities.; 10,640-square-foot prototype building.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4014 Willow Ave
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