Dollar General Plus

425 North Main Street, Miami, OK 74354

$1,827,232

Cap Rate 6.50%

Views: 26 DOM: 17 Updated: 04.30.24 Posted: 04.30.24 Status: Active

Summary

Price $1,827,232	Built/Renov 2023	Tenant Dollar General Plus
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,566	Lease Start 07-07-2023	#Units 19,986
Price/SF $172.94	Expiration 07-31-2038	Tenant Type Dollar/Discount
NOI $118,776	R. Term 14.2	Ownership Fee Simple
Rent/SF $11.24	Increases 10.0%/14/yrs	Pop 5Mi 23,934
Lot/AC 1.18	Options 5/5yrs/10%	AHHI 5Mi $51,109

Josh Bishop

Matthews REIS

Contact

Lease Highlights

Brand-new 2023 construction | DG Plus
Dollar General has 14+ years remaining on the current lease term with 5 (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 Plus is strategically located on Main Street, with access to 14,000 vehicles passing by daily. The property is situated 1.0 mile from Northeastern Oklahoma A&M University, which has an enrollment of 3,000 students. The immediate trade area is surrounded by well-known national tenants including Arby's, Walgreens, O'Reilly Auto Parts, Taco Bell, McDonald's, and more. The 5-mile...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
University college close
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Miami, Oklahoma Zip Code 74354 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 :	7,090	13,264	16,938
2023 Total Population :	7,234	13,461	17,170
2023 Employed Civilian Pop :	2,962	5,987	7,688
2023 Total Businesses :	383	673	801
2023 Average Household Income :	$ 47,843	$ 56,284	$ 56,434
2023 Total Consumer Spending :	$ 121 M	$ 263 M	$ 336 M
2023 Median Age :	34	38	39
2023 Total Households :	2,886	5,339	6,783
2023 Pop Age 25+: Bachelor's Degree :	433	1,088	1,362
2023 Average Home Value :	$ 91,604	$ 126,613	$ 134,375

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Main Street	5th Ave NW	2021	10,100	0.12 mi
N Main St	3rd Ave NW	2003	19,900	0.12 mi
A Street Northwest	5th Ave NW	2021	3,700	0.12 mi
3rd Avenue Northeast	C St NE	2021	920	0.23 mi
3rd Avenue Northwest	D St NW	2021	1,700	0.23 mi
D Street Northeast	3rd Ave NE	2021	6,800	0.26 mi
	D St NW	2021	760	0.26 mi
D Street Northeast	E Bj Tunnell Blvd	2021	5,800	0.32 mi
3rd Avenue Northeast	E St NE	2021	680	0.32 mi
West Bj Tunnell Boulevard	A St NW	2018	2,900	0.32 mi

Listing Broker

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