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Family Dollar Net Lease 10585 AR-89 10,500 SF 4-Star Retail Building Lonoke, AR 72086 $1,296,000 ($123.43/SF) 8.75% Cap Rate
Investment Highlights
- New 10-Year Net Lease
- Corporate Guarantee
- Located Along Highway 89 South with Easy Access
- Minimal Landlord Obligations
- 6 x 5-Year Renewal Options with $0.50/SF Rent Increases
- Proximity to Interstate 40 for Regional Access
Executive Summary
The Kase Group is pleased to offer the opportunity to acquire a newly leased Family Dollar location in Lonoke, Arkansas, featuring a 10-year net lease with minimal landlord responsibilities. The lease includes six 5-year renewal options, each with $0.50/SF rent increases, ensuring future income growth. The lease is backed by a corporate guarantee, providing stability and security for the investor. This Family Dollar property is located along Highway 89 South, providing accessibility and visibility to both local residents and those passing through. The property is strategically positioned in a growing residential area within Lonoke County, which has seen steady population growth over the past decade. The county’s population has increased from 68,356 in 2010 to 76,389 in 2024, reflecting a positive demographic trend that supports the demand for retail services. Additionally, the property is well connected to Interstate 40, a key transportation route, offering access to a broader regional market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$1,296,000
Price Per SF
$123.43
Cap Rate
8.75%
NOI
$113,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.97 AC
Parking
11 Spaces (1.05 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,600 | Total Assessment | $1,600 |
Property Taxes
Parcel Numbers
Land Assessment
$1,600
Improvements Assessment
$0
Total Assessment
$1,600
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Family Dollar Net Lease | 10585 AR-89
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