120 W. 13th Street, Snyder, OK
Retail for Sale - $350,000 - 8,125 Sq. Ft. on 44866 acres
Property Info
CIMLS# | 721370 |
Location 120 W. 13th Street Snyder OK 73566 | |
Updated | January 5th, 2015 |
Type | Retail |
Price | $350,000 |
Building | 8,125 Sq. Ft. |
Land | 44866 acres |
Property Description
Sperry Van Ness is pleased to present this excellent investment leased to Dollar General through July 2015. Upon renewal the fixed rent increases 10%. The gross lease includes $10,200 in tax contribution by the tenant. The landlord is responsible for roof, structure, parking lot, taxes, insurance and mechanical repairs in excess of $1,000 per occurrence. The store has no competition in the community of 1,500 residents with $35,000+ average household income. The 8,125 SF metal building sits on 1.03 acres with paved parking and 2 curb cuts.
Location Description:
The Dollar General is located in Snyder, Kiowa County, Oklahoma, 32 miles west of Lawton and 98 miles southwest of Oklahoma City.
Highlights:
>> Dollar General gross lease
>> Corporate guaranty
>> 10% rent increase at renewal August 2015
>> New roof in 2014
>> No competition in area
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Financials
Sales Info:
>> Cap rate: 9.63%
>> Commision split: 4.0%
>> NOI: $33703