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100 Highway 9 E, Eufaula, OK, 74432

Dollar General
$528,000

Key Information

Cap Rate
9%
$ per SF
$58
Tot. SF
9,000
Year Built
1995
Term Remaining
±5.5 YRS
Type
Retail

Highlights

Lease & Location

  • Lease was recently extended with over 5 years now remaining and recently upgraded from a Gross Lease to a NN lease, showing Dollar General’s commitment to this location.
  • Six 5-year options remaining, each including 10% increases
  • Located directly off Highway 9, the main thoroughfare of Eufaula
  • Situated on Lake Eufaula (Oklahoma’s largest lake and Eufaula’s top tourist attraction)
  • Average household income of $52,714, considered to be the “sweet spot” for Dollar General
  • Extremely strong corporately guaranteed lease

Tenant

  • Dollar General holds an investment-grade credit rating of BBB (S&P)
  • The company operates approximately ±21,000 locations and plans to continue expanding for the foreseeable future
  • Dollar General has been recognized as an essential retailer and remained one of the most profitable companies throughout the COVID-19 pandemic
  • Dollar General has a market capitalization of approximately $25 billion

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 180759 (OK)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203