Dollar General Market

1716 Fir Street, Perry, OK 73077

$1,875,234

Cap Rate 6.40%

Views: 0 DOM: 27 Updated: 11.14.23 Posted: 11.14.23 Status: Active

Summary

Price $1,875,234	Built/Renov 2022	Tenant Dollar General Market
Cap Rate 6.40%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 12,668	Lease Start 11-18-2022	#Units 19,294
Price/SF $148.03	Expiration 11-30-2037	Tenant Type Dollar/Discount
NOI $120,015	R. Term 13.11	Ownership Fee Simple
Rent/SF $9.47	Increases 10.0%/14/yrs	Pop 5Mi 6,122
Lot/AC 1.84	Options 5/5yrs/10%	AHHI 5Mi $70,265

Josh Bishop

Matthews REIS

Contact

Lease Highlights

Brand new 2022 build-to-suit construction
Dollar General has 14 years remaining on the base term of an initial 15-year lease
The lease features 5 (5-year) renewal options, all of which include a 10% rent increase
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market, located along Fir Street (6,302 VPD), serves as the only dollar store catering to the local community, benefiting from the advantage of limited competition. The property is in close proximity to several national/credit tenants such as O'Reilly Auto Parts, Arby's, Holiday Inn, and more. Additionally, the subject property is near Perry Elementary (573 students), Perry...

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Features

New construction
Freeway close
Strong tenant synergy
Brand new lease
Absolute NNN
Long 10+ yr lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Market Wikipedia Dollar General Wikipedia Perry, Oklahoma Zip Code 73077 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General Market
Guarantor:Corp T and Rated
Company:Dollar General Corp.
# Units:19,294
Tenant S&P: BBB
Moody’s: Baa3
Stock:NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,195	4,829	5,422
2023 Total Population :	2,208	4,862	5,471
2023 Employed Civilian Pop :	1,120	2,286	2,569
2023 Total Businesses :	108	277	284
2023 Average Household Income :	$ 71,990	$ 75,402	$ 77,396
2023 Total Consumer Spending :	$ 60 M	$ 138 M	$ 160 M
2023 Median Age :	41	42	43
2023 Total Households :	939	2,061	2,326
2023 Pop Age 25+: Bachelor's Degree :	216	502	601
2023 Average Home Value :	$ 105,811	$ 150,987	$ 176,130

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Fir Street	N 15th St	2019	5,700	0.26 mi
North 15th Street	PkDr	2019	2,700	0.27 mi
Fir Street	N 14th St	2019	6,400	0.29 mi
Cedar Street	N 14th St	2019	660	0.39 mi
North 15th Street	Cedar St	2019	950	0.44 mi
Ivanhoe Street	N 13th St	2019	210	0.53 mi
South Boundary Street	Camden Way	2019	200	0.61 mi
North 11th Street	Grove St	2019	520	0.61 mi
North 11th Street	Cedar St	2019	760	0.63 mi
Fir Street	N 9th St	2019	6,300	0.72 mi

Listing Broker

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