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- LoopNet Team
Highway 100 & Highway
Vian, OK 74962
Dollar General · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15-year Absolute NNN corporate lease with guaranty
- Zero Landlord maintenance or expense obligations
- Above average incomes and population for typical DG store
- New Construction and Five 5-year options to extend lease
- Internet resistant store concept – serves daily needs of community
- $27.8B revenue company with Investment Grade Credit Rating of S&P – BBB
PROPERTY FACTS
AMENITIES
- Signage
ABOUT HIGHWAY 100 & HIGHWAY , VIAN, OK 74962
Capital Pacific is pleased to present the opportunity to acquire an absolute NNN Dollar General in Vian, OK. The subject property is a recent construction store, and features a 15-year initial lease term (14.4 years left) with a corporate guaranty from Dollar General, which ranked #123 on the 2018 Fortune 500 list of top companies by revenue. Additionally, there are five 5-year options to extend at increased rents (10% every 5 years during option terms). The absolute NNN lease means that there are zero Landlord expense obligations, providing an investor with a “hands-off” investment. The Property is well located at the intersection of two major highways – Interstate 40 (East-West towards Oklahoma City) and Highway 82 (North-South). Vian is located in close proximity to Sallisaw, with a successful regional economy, as well as the Sequoyah National Wildlife Refuge, a 20,000 acre refuge that is governed by the US Fish & Wildlife Service, a strong economic driver for the area. Dollar General currently operates over 16,200 stores in 44 states, making it the largest small-box discount retailer in the country. In the 2019 fiscal year, Dollar General generated $27.8B in net sales and had a net income of $1.7B, placing it #119 on the Fortune 500 list (by revenue).
PROPERTY TAXES
| Parcel Number | 0320-00-008-001-0-000-00 | Improvements Assessment | $33,635 |
| Land Assessment | $1,116 | Total Assessment | $34,751 |
PROPERTY TAXES
