This Retail Property is Off-Market.

103 North Kelly Street
Bokchito, OK 74726 ·

9,026 SF · Retail For Sale

N/A

Print

Dollar General

Price N/A Occupancy 100%
Building Size 9,026 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type
Free Standing Bldg
More...
  • Retail (Other)
  • Retail Pad
Year Built 2012
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.49 AC
Cap Rate 7%
Listing ID: 17818618 Date Created: 09/04/2012 Last Updated: 02/28/2013

Description

Cal Turner founded J. L. Turner & Son, Inc. in 1939, and opened the first Dollar General store in Scottsville, Kentucky in June 1955. Today, Dollar General Corporation operates as the country' s largest small-box discount retailer with stores in the southern, southwestern, midwestern, and eastern United States. The stores are typically located in local neighborhoods and small communities deemed too small for big-box retailers. Dollar General offers both name-brand and generic merchandise including off-brand goods and closeouts of name-brand items. In 2007 Kohlberg Kravis Roberts & Co. (KKR) acquired Dollar General, privatized the company for restructuring, and took the company public again in 2009. As of May 4, 2012, Dollar General operated 10,052 stores in 40 states. The company ranks 183rd within the Fortune 500 Companies (from 188th in 2010). Fiscal 2011 revenues exceeded $14.80 billion (up 13.60% from 2010) with profits of $766.70 million (up 22.10% from 2010). The company' s market value, per March 2012, is estimated at over $15.64 billion.

Dollar General is located along US Highway 70 (5,149 Cars / Day) at the Kelly Avenue Intersection. US Highway 70 connects the town of Bokchito with Interstate 35 and US Highway 75, providing access to the southern Oklahoma county seats, the tourist destinations along nearby Lake Texoma, and the Dallas/Fort Worth Metroplex, which is an hour and a half drive to the south. The site is across from a Mac' s supermarket and next to Rock Creek High School. A 1st United Bank is located down US Highway 70 just west of the site.

Highlights

  • Brand New Corporate 15-Year NNN Lease
  • New Construction With Projected January 2013 Rent Commencement
  • Dollar General: Ranked 183 Within Fortune 500 Companies | 10,052 Stores in 40 States
  • 2011 Net Income: $766.7 Million | 22.1% Increase From 2010
  • Hard Corner Location Next to Rock Creek High School and Post Office
  • Located Near Lake Texoma: 6 Million Annual Visitors

Research

103 North Kelly Street, Bokchito, OK 74726 (Bryan County)

Bokchito Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)