DOLLAR GENERAL

15087 North Highway 82, Spavinaw, OK 74367
$1,174,526

Cap Rate
6.85%
Price Per SF
$129
Year Built
2019
Leasable Area
9,100 SF
Term Remaining
14.5 YRS
NOI
$80,455

Broker of Record

  • Kyle Matthews
  • License No. 180759 (OK)
  • (310) 919-5757
  • Matthews Retail Group, Inc.
  • 841 Apollo Street. Suite 150,
    El Segundo, CA 90245

INVESTMENT HIGHLIGHTS

  • Absolute Triple Net Lease – This attractive lease structure allows for a landlord to receive a passive source of income with ZERO management responsibility
  • Upgraded Construction – This property benefits from an all brick exterior construction, which is a rare upgrade to DG’s new model stores
  • Premier Grocer – This larger, 9,100 square foot model serves the Muldrow market and surrounding area as the premier stop for convenience, affordable groceries, and refrigerated goods
  • Huge market upside, serving a trade area of 3,313 people in the 5-mile radius and a projected 0.88% population increase from 2019 to 2024
  • Ideal Demographics – Spavinaw fits Dollar General’s ideal expansion criteria with their “Sweet Spot” of demographics for their highest performing stores

TENANT HIGHLIGHTS

  • Attractive investment grade credit tenant; Standard & Poor’s rating of BBB, which was recently upgraded
  • Dollar General is the only dollar store which holds an investment grade credit rating
  • Dollar General is the market leader in Dollar Stores and currently has ±15,500 locations nationwide with plans to open another ±1,000 locations in 2019
  • The dollar stores are one of the few retailers that are expanding while most others are consolidating due to the effects of E-Commerce