1000 Main StBoise City, OK 73933

For Sale
$1,047,000
Property records and analytics
Boise City, OK: High-Yield Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
126
This fee-simple retail property in Boise City, Oklahoma, offers a compelling investment opportunity. The 9,175 square foot building is 100% occupied by a Dollar General store under a triple net (NN) lease with a corporate guarantee, providing limited landlord responsibilities. The lease commenced July 1, 2024, and has a remaining term of 5.4 years, with three 5-year renewal options, each including a 10% rent increase. The property boasts a strong 8.25% cap rate and an NOI of $86,400, generating significant cash flow. Built in 2010, the property sits on a 1.03-acre lot with 33 parking spaces and is zoned for general commercial use. Its prime location at 1000 E Main St, next to a Loves Truck Stop, ensures high visibility and traffic. The property benefits from Dollar General's national insurance program and a 20-year operating history in the area, with no direct competition within a 30-mile radius. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment with significant long-term potential. The APN is 0050-00-D08-020-0-000-00. The asking price is $1,047,000.

Highlights

  • 5-Year Lease Extension Recently Exercised.
  • Net Lease; Fee Simple Ownership; Minimal Landlord Responsibilities; No HVAC.
  • National Insurance Program; Long-Term Tenant Commitment.
  • Exclusive Location: Only Dollar General within 30 miles, adjacent to high-traffic Loves Truck Stop.
  • High-Visibility Corner Lot; Strong National Credit Tenant; Proximity to Cimarron Memorial Hospital.
  • Established, Successful Operator; Significant Recent Expansion; Dollar General Insured.

Property Details for 1000 Main St

Property type
Retail properties, Retail space
Square Feet
9,175 SF
Year Built
2010
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Boise City
County
Cimarron
State
Oklahoma
Latitude
36.7299952
Longitude
-102.5000987
1000 Main St, Boise City, Oklahoma

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FAQs

What type of property is this?
Retail property - Boise City, OK: High-Yield Retail Property
Where is the retail property located?
The property is located at 1000 Main St Boise City, OK.
What is the asking price?
The asking price for this property is $1,047,000.
What are key features of this property?
This property features: 5-Year Lease Extension Recently Exercised.; Net Lease; Fee Simple Ownership; Minimal Landlord Responsibilities; No HVAC.; National Insurance Program; Long-Term Tenant Commitment.
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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Contacts

Jaime Salazar
Jaime Salazar
Patrick Nutt
Patrick Nutt
William Wamble
William Wamble
Visit Broker Website

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Useful Information

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Main St
Boise City, OK 73933

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Boise City, OK 73933

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1000 Main St
  • Jaime Salazar
    Jaime Salazar
  • Patrick Nutt
    Patrick Nutt
  • William Wamble
    William Wamble
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