NEC Route 65 & Route 123, Western Grove, AR, 72685 - Available for Sale

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Dollar General

NEC Route 65 & Route 123, Western Grove, AR 72685

$1,165,500

9,026 SF | Retail

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Retail Property For Sale - In Contract

Price:
$1,165,500
Building Size:
9,026 SF
Price/SF:
$129.13
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under
Construction/Proposed
Cap Rate:
6.75%
Tenancy:
Single
Year Built:
2014
Lot Size:
1.20 AC
Listing ID
18618858
Last Updated
17 days ago

Find Out More...

Highlights

  • Recent reduced price
  • Only one other dollar store in approximately a 15 mile radius
  • During fiscal 2014, Dollar General expects to open about 700 new stores, and remodel or relocate approximately 525 outlets. The company anticipates it
  • Dollar General has more stores than any other retailer in the U.S. and furthermore is easily the largest dollar store chain
  • Fifteen year NNN lease with options
  • In April 2012, Dollar General' s credit was raised to BBB-, the fourth credit hike since 2009

Description

Brand new 15-year primary term lease with five (5), five-year options with a 10% rental increase every 5 years during the option periods. There is also a rent increase during the base term

Western Grove is in Newton County, known for its hiking trails, streams, and majestic lakes. Activities include recreational boating, world-class fishing, canoeing, and swimming.

As of 2010, the population in the County is 8,330 residents. The site is across route 65 from a branch of Bank of the Ozarks, and is adjacent to a new deli/grocery.

Financial Summary

  • Actual
  • $78,667

Map of NEC Route 65 & Route 123, Western Grove, AR 72685 (Newton County)

Research for NEC Route 65 & Route 123, Western Grove, AR 72685 (Newton County)

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Asking Price Index Trends for Western Grove, AR Retail For Sale

  Oct 14 vs. 3 mo.
prior
Y-O-Y
-
State
$91-3.6%-7.7%

View Western Grove Market Trends for other property types for sale or lease. Learn more about the chart info.

Dollar General
  • Retail
  • $1,165,500
  • 9,026 SF