Dollar General
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

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Robert Bender

Managing Partner

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PROPERTY ADDRESS

5909 Oklahoma Hwy. 58, Ringwood, OK 73768

PROPERTY INFORMATION

Price:
$1,141,914
Cap Rate:
6.95%
Term Remaining:
14 Years
Year Built:
2017
Status:
Available

INVESTMENT HIGHLIGHTS

  • New 9,026 SF Dollar General Store
  • Absolute NNN 15 Year 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 5909 Highway 58 in Ringwood, 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 Ringwood and the population within ten miles exceeds 3,000 residents. The median home value within ten miles exceeds $112,000 and the average household income within five miles exceeds $71,000.