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 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.
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.
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.
“Family Dollar demonstrated commitment to the location by signing an extension through 2033” said Randy Blankstein, President of The Boulder Group. 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."
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2024, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html
