Available $1,017,383 - Retail - Single Tenant
Investment Offering & Highlights
- ABSOLUTE NNN LEASE STRUCTURE
Zero Landlord responsibilities for operating or capital expenses
- RENT INCREASES BETWEEN OPTIONS
Very attractive 10% rent increases between each 5 year option
- CORPORATE BACKED LEASE
“BBB“ investment grade credit rating by Standard & Poor’s
- POSITIONED DIRECTLY ON US-65 (N GOULD AVENUE)
The property sits directly on US-65 (N Gould Avenue) the area’s main north-south highway with daily traffic counts in excess of 7,100 vehicles
- IDEAL DEMOGRAPHICS FOR DOLLAR GENERAL
Approximately 5,000 residents with an average household income of $45,000 within a 5-mile radius
THE SUBJECT PROPERTY IS A 9,100 SQUARE FOOT DOLLAR GENERAL LOCATED IN GOULD, ARKANSAS, WHICH IS APPROXIMATELY 75 MILES SOUTHEAST OF LITTLE ROCK. DOLLAR GENERAL SIGNED A 15-YEAR LEASE, WHICH COMMENCED IN JANUARY 2016, LEAVING OVER 10 YEARS REMAINING ON THE TENANT’S INITIAL LEASE TERM. THE LEASE PROVIDES FOR 10% RENT INCREASES BETWEEN EACH FIVE-YEAR RENEWAL OPTION. THE LEASE IS ABSOLUTE NNN PROVIDING FOR ZERO LANDLORD RESPONSIBILITIES.
Dollar General is the nation’s largest U.S retail chain with over 16,500 locations with plans to grow by 1,000 stores each year. Dollar General has been in business for over 80 years and has a current net worth of over $6.2 billion with annual revenues in excess of $27 billion. Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit of BBB.
Located along us-highway 65 (North Gould Avenue), Dollar General benefits from its direct exposure along the area’s main north-south highway with daily traffic counts in excess of 7,100 vehicles.
- Price: $1,017,383
- Cap Rate: 6.65%
- Lease Term: 10 Years Remaining
- Building Size: 9,100 SF
- Lot Size: 2.00 Acres
- Status: Available