Property Listing No Longer Available for Sale

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
UpdatedNovember 10th, 2016
TypeRetail
Price$1,169,860
Building8,320 Sq. Ft.
Land0.99 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