Dollar General Tulsa OK

Surmount is pleased to present for sale this single-tenant triple net lease, Dollar General, located in Tusla, Oklahoma. The absolute net lease (NNN) offers a genuinely passive income investment opportunity with zero landlord responsibilities. Dollar General (NYSE: DG), an investment grade tenant (S&P: BBB), has corporately guaranteed the lease with 11+ years of initial term remaining and five five-year extension options, each with 10 percent rental increases.

The subject property comprises a 9,100 square-foot freestanding building on a 0.89-acre parcel of land. The building features a brick exterior, only found in recently constructed Dollar General Locations.

Strategically located at the intersection of N Lewis Ave and E Tecumseh St, close by the Cherokee Expressway exit ramp, the property offers convent access to dense urban infill with a sizeable residential population that has minimal access to retailers of food and everyday household product retailers within a 10-minute drive. The only other food retailer for residents within a two-mile radius is the Save a Lot discount grocery one block South. A Fleet Landing Retirement Community is across the street.

National retailers in the immediate trade area included Walgreens, Wendy’s, Arby’s, Save a Lot, and Family Dollar.

Lewis Ave is a primary thoroughfare connecting the Cherokee Expressway to Interstate 244 with high traffic counts of 9,745 vehicles per day. The property benefits from the large population of 151,628 within a 5-mile radius and 74,587 residents in a 3-mile radius. Strong population growth of 2.80% percent is projected by 2027. The subject property is less than a mile from the Cherokee and Gilcrease Expressway interchange, with traffic counts of over 73,000 combined vehicles per day. Downtown Tulsa is also just 3-miles from the subject property.

With $33 billion in revenues in 2021, Dollar General continues to execute its unveiled expansion. In 2022 real estate plans include 1,110 new stores — including its first stores in Idaho, its 47th state — and 1,750 remodels.