209 N Woody Guthrie Street
Okemah, OK
Retail for Sale - $600,000 - 11,000 Sq. Ft. on 1.15 acres
Property Info
| CIMLS# | 911057 |
| Location 209 N Woody Guthrie Street Okemah OK 74859 | |
| Updated | January 1st, 2017 |
| Type | Retail |
| Price | $600,000 |
| Building | 11,000 Sq. Ft. |
| Land | 1.15 acres |
Property Description
KW Net Lease Advisors is pleased to present for sale a net leased, corporate guaranteed, single tenant Dollar General in Okemah, Oklahoma. Dollar General has over 7.5 years remaining on the current term and recently executed a 5-year extension, showing their commitment to this location. The lease features 3 (5) year options with 10% increases at each option. The lease also includes an annual CAM payment of $5,500 to cover parking lot expenses.
Location Description:
The subject property is located off Woodie Guthrie Blvd which is the only exit off I-40 (17,000 VPD) into town. The site sits on a large corner lot with ample parking and access for the residents of Okemah. There are over 4,500 residents within a 5-mile radius of the site.
Highlights:
>> Recently Extended Lease Showing Dollar General
Financials
Sales Info:
>> Cap rate: 8.0%
>> NOI: $48000