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1916 S Main Street, Shattuck, OK, 73858

Dollar General

$691,467

Key Information

Cap Rate
9%
$ per SF
$76
Lot Size
1.72 Acres
Year Built
2011
Term Remaining
± 5 Years
Type
Retail
Occupancy
100%
NOI
$62,232
Leasable Area
9,026

Highlights

• List Price: $691,467 , Yielding an Attractive 9.00% Cap Rate
• ±9,026 SF Built-To-Suit Building Constructed in 2011 for Dollar General
• Situated an a ± 1.72-Acre Parcel with a concrete parking Lot and 28 Parking Spaces
• Over ±5 Years Remaining on the Lease with Three 5-Year Extension Options
• Tenant Recently Exercised A 5-Year Extension , Demonstrating Commitment and Strong Performance
• NN+ Lease Structure with Minimal Landlord Responsibilities. The tenant pays an additional $300/mo in parking lot maintenance (CAM) contribution. Full reimbursement provided by tenant at year end in the event actual expenses exceed contribution.
• Strong Corporate Guaranty from Dollar General (Fortune 500), BBB Credit Rating (S&P), ~$28b Market Cap
• Located on S Main Street (Route 283), A Primary North-South Highway And Main Entry into Shattuck, Ok
• Positioned in the Main Retail Corridor with Nearby Tenants Including Sonic Drive-In, Quick Stop, Venture Foods, And H&H Powersports
• Near Newman Memorial Hospital (25+ Beds) and Shattuck High School (355 Students)
• Nearest Competing Dollar Store is Over ±30 Miles Away , Limiting Local Competition
• Shattuck is the Largest City in Ellis County and Serves as a Commercial Hub with ~100 Chamber Of Commerce Businesses
• Population of Approximately 1,267 with an Average Household Income of ~$66,640 , Aligning with Dollar General’s Target Demographic

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 180760, 180759 (OK)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203