Property Listing No Longer Available for Sale

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
UpdatedJanuary 5th, 2015
TypeRetail
Price$350,000
Building8,125 Sq. Ft.
Land44866 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