1419 51St St Tulsa, OK 74107

This exceptional investment opportunity presents a fee-simple ownership of a single-story, 8,000-square-foot retail building situated on one acre in Tulsa, Oklahoma. The property, constructed in 2000 and renovated in 2024, boasts a strong 7.50% cap rate and a Net Net Lease (NN+) agreement with Dollar General (#4220), a Fortune 500 company with a BBB investment-grade rating. The lease, commencing August 1, 2024, and expiring July 31, 2031, includes two five-year renewal options with a 10% rent increase at the beginning of each. Dollar General's current annual sales exceed $1,783,200, demonstrating the location's strong performance. The lease agreement includes a corporate guarantee and a pro-rata reimbursement (93.75%) for all CAM, taxes, and insurance, eliminating previous expense caps. Dollar General also covers minor maintenance up to $1,500 per incident for HVAC. The property features a concrete driveway and parking lot. Adding to the income stream, a secondary tenant, Everybody's Cash, contributes an additional $550 monthly rent. The property is zoned commercial and located in a high-traffic area with a population exceeding 21,000 within a two-mile radius, boasting an average income of $63,000. The asking price is $800,000, translating to $100 per square foot. This property is part of a two-store package, but can be purchased individually. The property's strong tenant, favorable lease terms, and high-performing location make it an ideal addition to any investment portfolio.