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Dollar General 46 E Priddy St 9,100 SF Retail Building Magazine, AR 72943 $1,262,400 ($138.73/SF) 6.50% Cap Rate
Investment Highlights
- Investment Grade Credit Tenant
- Long-Term Lease
- Desirable Rental Increases in Option Periods
- 2020 Build-To-Suit Construction
- Triple Net Lease Investment
Executive Summary
Northmarq is pleased to offer to qualified investors a single-tenant retail property, 100% leased to Dollar General, located in Magazine, AR ("the Property").
The Property consists of a ± 9,100 SF building and ± 1.50 acres of land. Dollar General is operating under a fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options with 10% rental increases in each option.
Dollar General Corporation is an investment-grade company currently holding a Standard & Poor’s rating of BBB/Stable.
The Property consists of a ± 9,100 SF building and ± 1.50 acres of land. Dollar General is operating under a fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options with 10% rental increases in each option.
Dollar General Corporation is an investment-grade company currently holding a Standard & Poor’s rating of BBB/Stable.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2020
Price
$1,262,400
Price Per SF
$138.73
Cap Rate
6.50%
NOI
$82,056
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.50 AC
Zoning
CV - Commercial, Vacant
Parking
24 Spaces (2.64 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $98,610 | |
| Land Assessment | $4,780 | Total Assessment | $103,390 |
Property Taxes
Parcel Numbers
Land Assessment
$4,780
Improvements Assessment
$98,610
Total Assessment
$103,390
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Dollar General | 46 E Priddy St
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