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15620 Mac Arthur Dr 9,014 SF Retail Building North Little Rock, AR 72118 $540,000 ($59.91/SF) 8% Cap Rate
Investment Highlights
- Fully leased Dollar General
- Five, 5-Year | 10% bumps each option
- NN+ lease structure with approximately 3.3 years remaining on a corporate-guaranteed lease
Executive Summary
Cushman & Wakefield | Sage Partners is pleased to exclusively present the opportunity to acquire a fully leased Dollar General retail property in North Little Rock, Arkansas. The offering features a NN+ lease structure with approximately 3.3 years remaining on a corporate-guaranteed lease, creating a predictable income stream with limited
landlord responsibilities.
Located just off Highway 264 with connectivity to I-40 and Highway 65, the asset offers excellent accessibility within the North Little Rock trade area. This offering presents investors with the opportunity to acquire a stabilized retail asset leased to an established national tenant in a highly accessible location.
landlord responsibilities.
Located just off Highway 264 with connectivity to I-40 and Highway 65, the asset offers excellent accessibility within the North Little Rock trade area. This offering presents investors with the opportunity to acquire a stabilized retail asset leased to an established national tenant in a highly accessible location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2004
Price
$540,000
Price Per SF
$59.91
Cap Rate
8%
NOI
$43,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.00 AC
Parking
36 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
352’ on Macarthur Dr
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
20/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 42R-024-00-025-00 | Improvements Assessment | $144,469 |
| Land Assessment | $19,911 | Total Assessment | $164,380 |
Property Taxes
Parcel Number
42R-024-00-025-00
Land Assessment
$19,911
Improvements Assessment
$144,469
Total Assessment
$164,380
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