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Dollar General 22428 County Road 230 10,566 SF Retail Building Morrison, OK 73061 $1,909,000 ($180.67/SF) 7% Cap Rate
Investment Highlights
- Brand-new 15-year lease featuring 5% rental increases every 5 years throughout the base term and options
- The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
- The company features an investment grade S&P credit rating of BBB, which has been raised five times since 2009
- 2025 build-to-suit construction Dollar General prototype
- Absolute net lease structure features zero Landlord expense or maintenance obligations, providing an investor with a truly “hands-off” investment
- Affluent DG submarket – average household incomes of $93,000 within a 5-mile radius of the subject property
Executive Summary
New lease structure, 15-year absolute net Dollar General featuring 5% rental increases every 5 years throughout the base term and options. The tenant is the country’s largest small-box discount retailer with over ~20,000 stores nationwide and boasts an investment grade credit rating (S&P: BBB).
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Building Size
10,566 SF
Building Class
B
Year Built
2025
Price
$1,909,000
Price Per SF
$180.67
Cap Rate
7%
NOI
$133,660
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.41 AC
Parking
35 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
199’ on County Road 230
Property Taxes
| Parcel Number | 6999-00-000-035-0-001-00 | Improvements Assessment | $1,312 |
| Land Assessment | $3,156 | Total Assessment | $4,468 |
Property Taxes
Parcel Number
6999-00-000-035-0-001-00
Land Assessment
$3,156
Improvements Assessment
$1,312
Total Assessment
$4,468
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Dollar General | 22428 County Road 230
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