524 Fir StPerry, OK 73077
- Retail properties
Property Details for 524 Fir St
- Year built
- 2012
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 9,100-square-foot Dollar General store located at 524 Fir St, Perry, OK 73077. Built in 2012, the property boasts an absolute NNN lease with an investment-grade tenant (BBB rating from S&P), offering zero landlord responsibilities. The current lease, with three 5-year renewal options, has eight years remaining, demonstrating the tenant's strong commitment. The property generates a substantial NOI of $83,321, translating to an attractive 8% cap rate on the $1,041,516 asking price. Situated approximately 25 miles Northwest of Stillwater, OK, home to Oklahoma State University, this location benefits from a strong population base and convenient access to Stillwater Regional Airport. The property's 100% occupancy and the tenant's proven resilience, even during the COVID-19 pandemic, underscore its stability and long-term income potential. Rent bumps are included in the lease options. This is a rare chance to acquire a passively managed, high-yield retail investment with a blue-chip tenant.
Location Insight
- City
- Perry
- County
- Noble
- State
- Oklahoma
- Latitude
- 36.2892
- Longitude
- -97.2847
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