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Dollar General | 2012 Remodel | 25yr Historical Occupancy

120 W Main St, New Cordell, OK 73632

Listing Price: $464,000

Tenant Name
Dollar General
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
11,250
Lease Type
Double Net
Rent Per Square Feet
$3.09

Investment Overview

This offering presents the opportunity to acquire a Dollar General property located in the heart of New Cordell, Oklahoma. Strategically positioned on W Main Street with excellent visibility and access, the site benefits from its central location in Cordell— the county seat of Washita County—making it a vital retail hub for the surrounding rural population. Positioned approximately 75 miles from Oklahoma City, the property provides proximity to a major metro area with over 1.4 million residents in the MSA. The immediate trade area includes Sonic Drive-In, United Supermarket, Napa Auto Parts, Cordell Memorial Hospital, and numerous local businesses, reinforcing strong and consistent foot traffic.

The property is backed by a corporate-guaranteed lease with DOLGENCORP, LLC (Dollar General), offering investors stable cash flow at an exceptionally low rent of approximately $3/SF. With over five years remaining on the primary term and minimal landlord responsibilities limited to roof and structure, this asset delivers a truly passive investment. Dollar General has occupied the site for over 25 years, completing a full remodel in 2012, demonstrating long-term commitment to the location. Notably, the lease contains no remaining options, creating a future value-add opportunity upon lease expiration. As one of the nation’s top discount retailers with a resilient small-format model and robust expansion strategy, Dollar General continues to dominate the sector and serve as a staple in both rural and urban communities alike.

Investment Highlights

  • Corporate Guaranteed Lease (DOLGENCORP, LLC) w/ Extremely Low Rent of ~$3/SF
  • Over 5 Years Remaining on Lease Term
  • Minimal Landlord Responsibilities Limited to Roof & Structure (Tenant Completed Full Remodel in 2012)
  • No Remaining Extension Options Providing Future Upside Potential by Negotiating New Lease With Dollar General
  • Historical Occupancy of Over 25 Years

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Discount

Dollar General | 2012 Remodel | 25yr Historical Occupancy

Listing Price: $464,000

Tenant Name
Dollar General
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
11,250
Lease Type
Double Net
Rent Per Square Feet
$3.09

Investment Highlights

  • Corporate Guaranteed Lease (DOLGENCORP, LLC) w/ Extremely Low Rent of ~$3/SF
  • Over 5 Years Remaining on Lease Term
  • Minimal Landlord Responsibilities Limited to Roof & Structure (Tenant Completed Full Remodel in 2012)
  • No Remaining Extension Options Providing Future Upside Potential by Negotiating New Lease With Dollar General
  • Historical Occupancy of Over 25 Years

Investment Overview

This offering presents the opportunity to acquire a Dollar General property located in the heart of New Cordell, Oklahoma. Strategically positioned on W Main Street with excellent visibility and access, the site benefits from its central location in Cordell— the county seat of Washita County—making it a vital retail hub for the surrounding rural population. Positioned approximately 75 miles from Oklahoma City, the property provides proximity to a major metro area with over 1.4 million residents in the MSA. The immediate trade area includes Sonic Drive-In, United Supermarket, Napa Auto Parts, Cordell Memorial Hospital, and numerous local businesses, reinforcing strong and consistent foot traffic. The property is backed by a corporate-guaranteed lease with DOLGENCORP, LLC (Dollar General), offering investors stable cash flow at an exceptionally low rent of approximately $3/SF. With over five years remaining on the primary term and minimal landlord responsibilities limited to roof and structure, this asset delivers a truly passive investment. Dollar General has occupied the site for over 25 years, completing a full remodel in 2012, demonstrating long-term commitment to the location. Notably, the lease contains no remaining options, creating a future value-add opportunity upon lease expiration. As one of the nation’s top discount retailers with a resilient small-format model and robust expansion strategy, Dollar General continues to dominate the sector and serve as a staple in both rural and urban communities alike.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

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