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Dollar General

1900 N Milt Phillips Ave, Seminole, OK 74868

Listing Price: $536,000

Cap Rate
8.25%
Tenant Name
Dollar General
Years Remaining On Lease
3.8
Gross SF
8,125
Guarantor
Corporate Guarantee
Rentable SF
8,125
Price/Gross SF
$65.97
Lease Type
Double Net
Rent Per Square Feet
$5.44

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Dollar General located at 1900 N Milt Phillips Ave. in Seminole, Oklahoma. The investment is being offered at $536,000 which represents an 8.25% cap rate.

The 8,125 square foot building is in the heart of Seminole, Oklahoma. The double net lease has 4.1 years remaining due to Dollar General exercising their final option to renew which increased their rent by 10%. Landlord responsibilities are limited to roof, structure, and CAM with the tenant responsible for costs of minor repairs up to $500 per occurrence. Tenant supplies $250 per month as sole contribution towards CAM.

Seminole is located one hour from Oklahoma City, OK. The subject property is located on Highway 377 which has a traffic count of over 12,000 vehicles per day, the property is surrounded by a variety of national retail tenants and strategically positioned on a corner lot next to a housing subdivision. There are over 2,900 residents with in 1 mile of the Dollar General, and Seminole County is home to over 15,000 Seminoles of Oklahoma.

Investment Highlights

  • NN lease- 4.1 years remaining
  • National Insurance Program
  • 20+ year operating history

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    License(s): OK: 181981

    Oklahoma

Listing Price: $536,000

Cap Rate
8.25%
Tenant Name
Dollar General
Years Remaining On Lease
3.8
Gross SF
8,125
Guarantor
Corporate Guarantee
Rentable SF
8,125
Price/Gross SF
$65.97
Lease Type
Double Net
Rent Per Square Feet
$5.44

Investment Highlights

  • NN lease- 4.1 years remaining
  • National Insurance Program
  • 20+ year operating history

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Dollar General located at 1900 N Milt Phillips Ave. in Seminole, Oklahoma. The investment is being offered at $536,000 which represents an 8.25% cap rate.

The 8,125 square foot building is in the heart of Seminole, Oklahoma. The double net lease has 4.1 years remaining due to Dollar General exercising their final option to renew which increased their rent by 10%. Landlord responsibilities are limited to roof, structure, and CAM with the tenant responsible for costs of minor repairs up to $500 per occurrence. Tenant supplies $250 per month as sole contribution towards CAM.

Seminole is located one hour from Oklahoma City, OK. The subject property is located on Highway 377 which has a traffic count of over 12,000 vehicles per day, the property is surrounded by a variety of national retail tenants and strategically positioned on a corner lot next to a housing subdivision. There are over 2,900 residents with in 1 mile of the Dollar General, and Seminole County is home to over 15,000 Seminoles of Oklahoma.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    License(s): OK: 181981

    Oklahoma

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