Historical Retail Sale Listing - Dollar General

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Dollar General

Waterloo Road and Coltrane Road, Edmond, OK 73034

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:
7.25%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2012
Lot Size:
1.50 AC
Listing ID
17818831
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
  • Located in Edmond, OK: Ranked #1 On CNBC's "10 Perfect Suburbs" List | 14.7% Projected 5-Year Growth
  • Mean Annual Household Income Within 3-Mile Radius of Site: $101,094

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 near Interstate 35 (44,670 Cars / Day) at the intersection of Waterloo Road (8,207 Cars / Day) and Coltrane Road in Edmond, OK on the northern edge of the Oklahoma City suburban growth tide. The site is next to Hess and Phillips 66 gas stations. Residential development in the immediate trade area has been strong in recent decades. Iron Horse Ranch, a 1,500-acre master planned community is currently under construction to the south of Dollar General. Completed homes are in themed neighborhoods with home prices ranging from $300,000 to $1 million. Population growth within a 3-mile radius of the subject property from 2000-2010 was 42.3% and is projected to be 14.7% through 2015. The average annual household income within a 3-mile radius is $101,094.

Map of Waterloo Road and Coltrane Road, Edmond, OK 73034 (Oklahoma County)

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Created 9/4/2012