Poteau, OK Dollar General
201 Clayton Ave
Poteau, OK 74953
Highlights
- NN Lease – Limited Landlord Responsibilities
- 5 +/- Years Remaining on Current Lease Term
- Long History of Success in Poteau – Since 1992
- Ranked in 81st Percentile in the U.S. for Store Visits
Description
SVN | Holman Partners is pleased to present a 100% fee simple interest in a Dollar General property located at 201 Clayton Ave., Poteau, OK 74953. The 14,000 SF store, opened in December 1992, currently has 4 years 8 months remaining on the NN lease, leaving limited landlord responsibilities. The building first built in approximately the 1940s, is located on a corner lot with street parking in the front and side of the building along with a large public parking lot across the street. Dollar General provides $200/mo. in CAM Reimbursement with no reconciliation required, giving the potential for extra income. Additionally, Dollar General reimburses up to $3500/year in Taxes and $2100/year in Insurance. Dollar General has continued to renew the lease several times thus showing their confidence and continued success in this location. Dollar General is the largest discount retailer in the United States by the number of stores with over 17,100 neighborhood stores in 46 states. Not to mention they are among the largest retailer of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg, General Mills, Nabisco, PepsiCo, and Coca-Cola.
Poteau, OK is a city in, and the county seat of Le Flore County, Oklahoma. The city was founded in 1885 and its name is derived from the nearby Poteau River. Poteau is located right along the Oklahoma-Arkansas border and only 30 miles Southwest of Fort Smith, AR. The subject property is strategically located on the corner of Clayton Ave and McKenna St, part of the city’s downtown area. The subject property has a strong service area of 7 miles to the East, 4 miles to the South, and 6 miles to the West servicing a population of roughly 11,000. Additionally, according to Placer.ai, this is one of the top Dollar Generals in the country for store visits, ranking in the 81st percentile. The strong population and strategic location has continued to prove that Dollar General has success in this location.
