The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Dollar General located at 401 East Cherokee Avenue in Nowata, Oklahoma for $1,050,000.<\/p>\n
The 9,180 square-foot building benefits from its position along East Cherokee Avenue. There are several nearby tenants that draw traffic to the immediate area including Homeland Grocery, Bomgaars Supply, Ascension Healthcare, Sonic Drive-In, and several others. There is limited competition in the area for Family Dollar with only one competing store found within a 16-mile radius. Furthermore, the surrounding areas demographics are ideal for Dollar Tree or Family Dollar locations. The average household income within a ten-mile radius is $67,103. The subject asset is also located less than one hour north of Tulsa, Oklahoma.<\/p>\n
Randy Blankstein and John Feeney of The Boulder Group represented the seller in the transaction. The seller is a California-based partnership, and the buyer was a Mountain-West based 1031-exchange investor.<\/p>\n
Family Dollar is a leading discount retail chain in the United States, operating over 8,000 stores across 46 states. Known for its commitment to providing customers with a wide range of essential products at affordable prices, Family Dollar offers a diverse inventory including groceries, household items, apparel, and seasonal merchandise.<\/p>\n
\u201cFamily Dollar demonstrated commitment to the location by signing an extension through 2033\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 John Feeney of The Boulder Group, added, “This is one of the rare Family Dollar locations that discloses sales data, which provided the buyers with confidence through strong performance figures.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Dollar General located at 401 East Cherokee Avenue in Nowata, Oklahoma for $1,050,000. The 9,180 square-foot building benefits from its position along East Cherokee Avenue. There are several nearby tenants that draw traffic to the immediate area including Homeland […]<\/p>\n","protected":false},"author":3,"featured_media":2926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[],"class_list":["post-2925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-sold"],"yoast_head":"\n