This Retail Property is Off-Market.

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

9,026 SF · Retail For Sale

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Dollar General

Price N/A Construction Status Under Construction/Proposed
Building Size 9,026 SF Cap Rate 6.75%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2014
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.20 AC
Listing ID: 18618858 Date Created: 03/20/2014 Last Updated: 02/23/2015

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.

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

Research

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

Western Grove Market Trends - Asking price index trends, sale price trends, asking rent trends

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