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Dollar General 201 Clayton Ave 14,000 SF Retail Building Poteau, OK 74953 $515,000 ($36.79/SF) 7.39% Cap Rate
Investment Highlights
- Tenant NN in place
- Two (2) Additional Five (5) Year Options to Renew
- 5.5 Years of Remaining Lease Term
- direct street access
Executive Summary
Open since 1992, the Dollar General at 201 Clayton Ave in Poteau, OK serves as a vital grocer for the area. The 14,000 SF store is leased on a NN lease and currently has over 5.5 Years of remaining Lease Term. Following the expiration of the existing Lease Term, Dollar General retains two (2) additional five (5) year renewal options. Beginning in March of 2027, the base rent will increase to $42,619.56/year. Dollar General is currently paying $2,400/year in CAM charges with no reconciliations. Additionally they reimburse Taxes up to $3,500/year and Insurance up to $2,100/year.
5.5 Years of Remaining Lease Term
Two (2) Additional Five (5) Year Options to Renew
Operating in Current Location since 1992
NN Lease with CAM, Tax, Ins Reimbursements
Limited Landlord Responsibilities
5.5 Years of Remaining Lease Term
Two (2) Additional Five (5) Year Options to Renew
Operating in Current Location since 1992
NN Lease with CAM, Tax, Ins Reimbursements
Limited Landlord Responsibilities
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,000 SF
Building Class
C
Year Built
1983
Price
$515,000
Price Per SF
$36.79
Cap Rate
7.39%
NOI
$38,083
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
Retail
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | Q001-00-091-000-0-001-00 | Improvements Assessment | $1,619 |
| Land Assessment | $17,600 | Total Assessment | $19,219 |
Property Taxes
Parcel Number
Q001-00-091-000-0-001-00
Land Assessment
$17,600
Improvements Assessment
$1,619
Total Assessment
$19,219
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