4014 Willow AveEnid, OK 73703

Property Details for 4014 Willow Ave

Year built

2024

Property size (Sq ft)

10,640 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

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.

Location Insight

City

Enid

County

Garfield

State

Oklahoma

Latitude

36.4203

Longitude

-97.9274

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