Dollar General
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

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Robert Bender

Managing Partner

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PROPERTY ADDRESS

22967 State Highway 8, Cherokee, OK 73728

PROPERTY INFORMATION

Price:
$1,100,471
Cap Rate:
6.80%
Term Remaining:
13 Years
Year Built:
2016
Status:
Available

INVESTMENT HIGHLIGHTS

  • New 9,026 SF Dollar General Store on 1.25 Acres
  • Absolute NNN Lease with No Landlord Responsibilities
  • 10% Rent Increases at Each Option
  • Corporate Guarantee | “BBB” S&P Rating
  • Ideal Investment for 1031 Exchange

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a newer Dollar General store located at 22967 Highway 8 in Cherokee, OK. This fifteen year absolute NNN lease has no landlord responsibilities and ten percent rent increases at each option. The lease also has a corporate guarantee from Dollar General which has a “BBB” S&P rating and is classified as “Investment Grade”.

The subject property is located north of downtown Cherokee where the population within ten miles exceeds 2,400 residents. The median home value within ten miles exceeds $76,000 and the average household income exceeds $78,000. The Dollar General store is just south of the Cherokee Municipal Airport and is close to the Great Salt Plains State Park.