7720 US Hwy 62
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7720 US Hwy 62
10,566 SF Retail Building Pollard, AR 72456 $2,092,853 CAD ($198 CAD/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN | Zero Landlord Responsibilities
- 15-Year Term | 15 Years Remaining
- Three Mile Household Income | $63,257
- Dollar General "PLUS" | 10,640 SF Footprint
- 5 (5 Year) Options | 10% Rental Increase At Each Option
- DG Reported 31 Consecutive Quarters of Same-Store Sales Growth
Executive Summary
Fortis Net Lease is pleased to present this 10,566 SF Dollar General PLUS store located in Pollard Arkansas. The property is encumbered with a 15-Year NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5) Year Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB” and is classified as Investment Grade. The store is scheduled to open with rent commencing in November 2022.
This Dollar General is highly visible as it is strategically positioned at the intersection of Hwy 36 35 N and Southwest Dr which sees 2,000 vehicles passing the site each day. The five-mile population from the site is 1,948 between 824 households. Meanwhile, the three-mile average household income is $63,257 per year, making this location optimal for a Dollar General. This location receives very little competition with no other dollar store or national retailer in town. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee of simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation's top dollar store.
This Dollar General is highly visible as it is strategically positioned at the intersection of Hwy 36 35 N and Southwest Dr which sees 2,000 vehicles passing the site each day. The five-mile population from the site is 1,948 between 824 households. Meanwhile, the three-mile average household income is $63,257 per year, making this location optimal for a Dollar General. This location receives very little competition with no other dollar store or national retailer in town. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee of simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation's top dollar store.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Building Class
B
Year Built
2022
Price
$2,092,853 CAD
Price Per SF
$198 CAD
Cap Rate
6%
NOI
$125,571 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.00 AC
Frontage
Amenities
- Corner Lot
PROPERTY TAXES
| Parcel Number | 061-01712-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $24,431 CAD | Total Assessment | $24,431 CAD |
PROPERTY TAXES
Parcel Number
061-01712-000
Land Assessment
$24,431 CAD
Improvements Assessment
$0 CAD
Total Assessment
$24,431 CAD
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7720 US Hwy 62
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