Dollar General

811 N, Hazlett Street, Fort Cobb, OK 73038

$916,955

Cap Rate 7.75%

Views: 28 DOM: 37 Updated: 04.29.24 Posted: 04.10.24 Status: Active

Summary

Price $916,955	Built/Renov 2015	Tenant Dollar General
Cap Rate 7.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,014	Lease Start 03-30-2015	#Units 19,986
Price/SF $101.73	Expiration 03-31-2030	Tenant Type Dollar/Discount
NOI $71,064	R. Term 5.10	Ownership Fee Simple
Rent/SF $7.88	Increases 10.0%/6/yrs	Pop 5Mi 1,053
Lot/AC 1.72	Options 4/5yrs/10%	AHHI 5Mi $62,899

Gill Warner

Northmarq

Contact

Lease Highlights

Dollar General has 5+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on N Hazlet Street, with access to 2,151 vehicles passing by daily. Conveniently situated just off Highway 9, the property is positioned on the north side of town, making it easily accessible from the main thoroughfare. Nearby educational institutions include Fort Cobb High School and Fort Cobb Broxton Public School. The 5-mile trade area is supported by...

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Key Features

Build to suit
In location for years
Major thoroughfare
Strategically located
Long operation history
Absolute NNN
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Fort Cobb, Oklahoma Zip Code 73038 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corp.
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	537	709	1,002
2023 Total Population :	570	754	1,068
2023 Employed Civilian Pop :	241	306	412
2023 Total Businesses :	30	32	37
2023 Average Household Income :	$ 60,053	$ 61,245	$ 62,981
2023 Total Consumer Spending :	$ 12 M	$ 16 M	$ 24 M
2023 Median Age :	43	44	44
2023 Total Households :	234	300	438
2023 Pop Age 25+: Bachelor's Degree :	60	78	108
2023 Average Home Value :	$ 120,032	$ 126,812	$ 152,508

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Hwy 281	2021	2,200	0.51 mi
E1320 Rd	East St	2016	590	0.60 mi
	Co Rd 1310	2021	2,300	0.74 mi
	Hwy 281	2021	730	1.00 mi
Hwy 281	Co Rd 1330	2003	2,800	1.06 mi
Co Rd 1330	County St2550	2016	540	1.08 mi
County Street 2550	Co Rd 1330	2016	340	1.21 mi
	Co Rd 1310	2021	2,000	1.49 mi
	Co Rd 1310	2021	1,300	1.78 mi
	N2580 Rd	2021	310	2.21 mi

Listing Broker

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