For Sale
$1,433,000

411 Pkwy Ln Wardville, OK 74546

Oklahoma Grocery Store, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 10,640-square-foot Dollar General Plus grocery store in Haileyville, Oklahoma. The property, built in 2022, sits on a 1.5-acre lot at 411 Parkway Lane, and is currently 100% occupied under a 15.1-year absolute NNN lease with Dollar General. The lease commenced July 15, 2022, and expires July 31, 2037, leaving a substantial 12.7 years remaining. The lease includes four, five-year renewal options with 10% rent increases in each. The asking price is $1,433,000, representing a price per square foot of $134.68 and a 6.25% cap rate based on a current Net Operating Income (NOI) of $89,556. Dollar General, a credit-rated tenant, provides significant stability and long-term income potential. This build-to-suit property offers a compelling combination of a strong tenant, a long-term lease, and attractive financial metrics, making it an ideal addition to any diversified portfolio. The property's location in Pittsburg County, Oklahoma, further enhances its appeal.

Highlights

  • 10,640 SF Dollar General Plus grocery store on a 1.5-acre lot in Haileyville, OK.
  • 100% occupied under a 15.1-year absolute NNN lease with 12.7 years remaining.
  • Investment-grade tenant (S&P: BBB/Stable) with four, five-year renewal options at 10% rent increases.
  • $1,433,000 asking price; $134.68/SF; 6.25% cap rate based on $89,556 NOI.
  • New, build-to-suit construction.

Property Details for 411 Pkwy Ln

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2022
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Wardville
County
Pittsburg
State
Oklahoma
Latitude
34.855217844617
Longitude
-95.581330652504

FAQs

What type of property is this?
Retail property - Oklahoma Grocery Store, Net Lease
Where is the retail property located?
The property is located at 411 Pkwy Ln Wardville, OK.
What is the asking price?
The asking price for this property is $1,433,000.
What are key features of this property?
This property features: 10,640 SF Dollar General Plus grocery store on a 1.5-acre lot in Haileyville, OK.; 100% occupied under a 15.1-year absolute NNN lease with 12.7 years remaining.; Investment-grade tenant (S&P: BBB/Stable) with four, five-year renewal options at 10% rent increases.
How can I contact the broker?
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411 Pkwy Ln
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