Wellston, OK Dollar General

506 E Highway 66 Wellston, OK 74881

FOR SALE
Property Type:
Free Standing Building
Amount:
$755,585
Last Verified:
Jan 27, 2023

Highlights

  • Custom Built for Dollar General in 2008
  • 2.5+ Years Remaining on Current Lease Term
  • (4) Five Year Renewal Options
  • 10% Rent Increases at Each Option
  • NN ½ Lease – Limited Landlord Responsibility
  • CAM Reimbursement of $455/mo.
  • All 5 HVAC Units Replaced in Dec. 2022

Description

SVN | Holman Partners is pleased to present a 100% fee simple interest in a Dollar General property located at 506 E State Road 66, Wellston, Oklahoma 74881. The 9,100 SF store built in 2008 is operated on a NN ½ Lease set to expire at the end of August 2025. Included with the 2.5+ years remaining on the lease term is Four (5) Year Options to Renew, with 10% base rent increases at each option. The store is strategically located at the highway intersections of Historic Route 66 and Interstate 44 between Oklahoma City and Tulsa. Dollar General reimburses for Real Estate Taxes and the store is part of the DG National Insurance Program. DG reimburses $455/mo. for CAM expenses. Additionally, all 5 HVAC Units were replaced in December 2022. Dollar General is the largest discount retailer in the United States by the number of stores with over 18,700 neighborhood stores in 47 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.

Wellston is a town in Lincoln County, Oklahoma that is supported by several strong industries as serving as a bedroom community for Oklahoma City. Wellston and Dollar General are located at the intersection and ramp of Interstate 44 and Historic Route 66 offering convenience for cross country travelers, commuters. Historic Route 66 has close 4,800 Vehicles traveling past Dollar General each day. The Dollar General is located less than 1 mile from the Wellston Elementary School, Middle School, and High School. The subject property has a 4-5 mile service area in every direction, servicing a population of 2,500. The local services combined with the large service area supported by the strong traffic counts make this an excellent location for the Dollar General.


Year Built: 2008
Building Size: 9100sq ft
Lot Size: 0.0 acres


Documents

NEW - OM/Proposal/BOV (L)

Map of 506 E Highway 66, Wellston, OK, 74881

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.