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Dollar General Market

650 S 14th St, Jay, OK 74346

Listing Price: $2,131,060

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.40

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 650 South 14th Street in Jay, Oklahoma. The property consists of approximately 12,687 square feet of building space and is situated on roughly 1.79 acres of land. The Dollar General opened in December of 2021 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on December 10, 2021 and expires on December 31, 2036. The current annual rent is$106,553 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.

Investment Highlights

  • Brand New Construction | Build-to-Suit Dollar General Market | Upscale Dollar General Buildout | Fresh and Affordable Meats and Produce Sold at Location
  • Newly Executed 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
  • Rental Increases of 10% In Each Option Period

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s) OK: 181981

    Oklahoma

Discount

Dollar General Market

Listing Price: $2,131,060

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.40

Investment Highlights

  • Brand New Construction | Build-to-Suit Dollar General Market | Upscale Dollar General Buildout | Fresh and Affordable Meats and Produce Sold at Location
  • Newly Executed 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
  • Rental Increases of 10% In Each Option Period

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 650 South 14th Street in Jay, Oklahoma. The property consists of approximately 12,687 square feet of building space and is situated on roughly 1.79 acres of land. The Dollar General opened in December of 2021 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on December 10, 2021 and expires on December 31, 2036. The current annual rent is$106,553 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s): OK: 181981

    Oklahoma

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