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Dollar General | 11+yrs Remain Corp Abs NNN 1406 Dr Martin Luther King Jr Dr

9,026 SF Retail Building Crossett, AR 71635 $1,725,829 CAD ($191 CAD/SF) 7.20% Cap Rate

Investment Highlights

  • Over 11 Years Remaining | Options to Extend | Established Brand | Placer AI
  • Located Along Dr. Martin Luther King Jr. Dr (7,200 VPD) | Nearby Tenant Presence | Crossett High School | Excellent Visibility
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 5-mile Trade Area

Executive Summary

• The tenant currently has over 11 years remaining with 5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• As of May 3, 2024, the Company’s 20,149 Dollar General, DG Market, DGX and pOpshelf stores across the United States
• The site is ranked in the 48th percentile of all Dollar Generals in the United States

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2020
Price
$1,725,829 CAD
Price Per SF
$191 CAD
Cap Rate
7.20%
NOI
$124,260 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.96 AC
Opportunity Zone
Yes
Zoning
CM
Parking
25 Spaces (2.77 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000

Nearby Major Retailers

Snap Fitness 24/7
Brookshire's Food & Pharmacy

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
706-02661-002
Land Assessment
$44,412 CAD
Improvements Assessment
$161,191 CAD
Total Assessment
$205,603 CAD
  • Listing ID: 33014125

  • Date on Market: 2024-08-30

  • Last Updated:

  • Address: 1406 Dr Martin Luther King Jr Dr, Crossett, AR 71635

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