Dollar General Market 16453 Vimy Ridge Rd 12,668 SF 4-Star Retail Building Alexander, AR 72002 $2,214,860 ($174.84/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease Starting May 2024, with 5, 5-Year Renewal Options
- Investment grade Credit Tenant (Rated “BBB” by Standard & Poor) with no Landlord Responsibilities
- Lease Structure Includes 5.0% Rental Escalations Every Five Years
- Investment opportunity featuring Dollar General Markets in Arkansas
EXECUTIVE SUMMARY
We are pleased to present an opportunity to purchase an investment grade single tenant net leased asset occupied by Dollar General (NASDAQ: DG) located at 16453 Vimy Ridge Road in Alexander, Arkansas. This investment is a Dollar General Market which sells produce and fresh meats, and are a necessary addition to the immediate neighborhoods they serve. Dollar General Markets have a selection of fresh items like produce, meat, dairy products, and perishable foods. The lease is brand new with a 15 year term commencing May of 2024 and is equipped with 5, 5-year options and the newest lease structure of 5.0% rental escalations every five (5) years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
12,668 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$2,214,860
Price Per SF
$174.84
Cap Rate
6.50%
NOI
$143,964
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.29 AC
Frontage
AMENITIES
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 001-01488-000 | Improvements Assessment | $0 |
| Land Assessment | $3,384 | Total Assessment | $3,384 |
