Historical Retail Sale Listing - Dollar General

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Dollar General

103 North Kelly Street, Bokchito, OK 74726

N/A

9,026 SF | Retail

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Retail Property - Off Market

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

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

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.

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

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Created 9/4/2012