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Dollar General 7200 OK-22 Hwy 10,640 SF 100% Leased Retail Building Ravia, OK 73455 $1,415,744 ($133.06/SF) 6.25% Cap Rate
Executive Summary
Long-Term, 15-Year Absolute Triple Net (NNN) Lease. Newly Executed 15-Year Absolute Triple Net (NNN) Lease; Passive Investment
Offering a Long-Term Security of Cash Flow. Rental Increases of 10% In Each Option Period. Tenant Renewal Options: Four (4) Periods of Five (5) Years, Each bringing the Potential Lease Term Remaining to 35 Years. Corporate Location | Corporate Guarantee.
Offering a Long-Term Security of Cash Flow. Rental Increases of 10% In Each Option Period. Tenant Renewal Options: Four (4) Periods of Five (5) Years, Each bringing the Potential Lease Term Remaining to 35 Years. Corporate Location | Corporate Guarantee.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,640 SF
Year Built
2023
Price
$1,415,744
Price Per SF
$133.06
Cap Rate
6.25%
NOI
$88,484
Percent Leased
100%
Building Height
1 Story
Building FAR
0.22
Lot Size
1.10 AC
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0090-00-020-014-0-004-00 | Improvements Assessment | $1,346 |
| Land Assessment | $666 | Total Assessment | $2,012 |
Property Taxes
Parcel Number
0090-00-020-014-0-004-00
Land Assessment
$666
Improvements Assessment
$1,346
Total Assessment
$2,012
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Dollar General | 7200 OK-22 Hwy