Dollar General

1900 North Milt Phillips Avenue, Seminole, OK 74868

$540,000

Cap Rate 8.19%

Views: 97 Updated: 11.28.23 Posted: 06.23.23 Status: Inactive

Summary

Price $540,000	Built/Renov 1998	Tenant Dollar General
Cap Rate 8.19%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 8,125	Lease Start 08-01-1998	#Units 19,294
Price/SF $66.46	Expiration 02-28-2025	Tenant Type Dollar/Discount
NOI $44,220	R. Term 0.3	Ownership Fee Simple
Rent/SF $5.44	Increases 0.0%/0/yrs	Pop 5Mi 9,614
Lot/AC 0.38	Options 0/0yrs	AHHI 5Mi $58,960

Lease Highlights

Dollar General has a 25+ year operating history at this location
Ranked in the top 25th percentile of Dollar Generals Nationwide
Landlord responsible for roof, structure & parking lot
Tenant has 1+ years remaining on the current lease term with zero options to extend
Corporate guarantee by Dollar General Corp.
Investment grade tenant (S&P: BBB)

Location Description

This 8,125 square foot Dollar General is situated on a .38 acre parcel at the hard corner intersection of North Milt Phillips Avenue and Sims Place with access to 12,600 vehicles per day. The site benefits from significant street frontage, providing ease and convenience for customers. In 2017 the HVAC units were replaced through Dollar General National HVAC Program. Located along a dense...

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Key Features

Hard corner intersection
In location for years
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Long operation history
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Seminole, Oklahoma Zip Code 74868 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
# Units:19,294
Tenant S&P: BBB
Moody’s: Baa3
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,724	7,786	9,515
2023 Total Population :	2,759	7,887	9,623
2023 Employed Civilian Pop :	1,078	2,883	3,576
2023 Total Businesses :	177	450	498
2023 Average Household Income :	$ 57,042	$ 51,177	$ 53,666
2023 Total Consumer Spending :	$ 56 M	$ 137 M	$ 177 M
2023 Median Age :	38	38	38
2023 Total Households :	1,118	3,002	3,700
2023 Pop Age 25+: Bachelor's Degree :	194	529	734
2023 Average Home Value :	$ 146,371	$ 128,671	$ 141,032

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Milt Phillips Avenue	N Milt Phillips Ave	2018	12,600	0.07 mi
Grisso Drive	Gibson Dr	2019	630	0.13 mi
N Milt Phillips Ave	Reid St	2003	12,600	0.15 mi
North Milt Phillips Avenue		2019	9,800	0.21 mi
Reid Street	Kellye Ln	2019	2,500	0.25 mi
North Milt Phillips Avenue		2019	12,400	0.32 mi
North Milt Phillips Avenue	N Milt Phillips Ave	2018	9,800	0.36 mi
Van Drive	Eureka St	2019	470	0.44 mi
Wrangler Boulevard East	Grisso Dr	2019	11,700	0.45 mi
University Street	W Wilson Ave	2019	400	0.55 mi

Listing Broker

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
27476 Views
93 Sold

William Wamble

SRS National Net Lease Group

Contact

186 Listings
21029 Views
49 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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