101 E 1st Street, Granite, OK
Retail for Sale - $1,169,860 - 8,320 Sq. Ft. on 0.99 acres
Property Info
CIMLS# | 913538 |
Location 101 E 1st Street Granite OK 73547 | |
Updated | November 10th, 2016 |
Type | Retail |
Price | $1,169,860 |
Building | 8,320 Sq. Ft. |
Land | 0.99 acres |
Property Description
KW Net Lease Advisors is pleased to present the opportunity to acquire a Brand New, Absolute Net Leased, Corporately Guaranteed, Single-Tenant Family Dollar in Granite, Oklahoma. Family Dollar has been operating at this location and paying rent since April 2016. Family Dollar is operating under a 15-Year NNN Lease that features an attractive 10% rent increase built into the primary term. The lease also features 3 (5) Year options with 10% increases at each option.
Location Description:
Granite, Oklahoma is situated just west of Lake Altus and Quartz Mountain State Park. The site is located at the intersection of HWY 6 and HWY 9 and will serve the city of Granite and those commuting to and through the area.
Highlights:
>> Brand New 15-Year Absolute Net Lease
Financials
Sales Info:
>> Cap rate: 6.55%
>> NOI: $76626