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Newark Dollar General 570 Vine St 8,000 SF Retail Building Newark, AR 72562 $388,694 ($48.59/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Dollar General boasts an investment grade credit rating of BBB (S&P)
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
- Located ±15 miles east of Batesville
- Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future
- Dollar General has a market cap of ±$30 billion
EXECUTIVE SUMMARY
Dollar General has occupied this location since 1999. term lease with six years remaining. Located ±15 miles east of Batesville. Average household income of $56,616 in a 2-mile radius, considered to be ideal for Dollar General. there only one other discount retailer in the city of Newark. Extremely strong corporately guaranteed lease.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
1999
Price
$388,694
Price Per SF
$48.59
Cap Rate
8.50%
NOI
$33,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.78 AC
Zoning
C - Commercial
Parking
33 Spaces
Frontage
PROPERTY TAXES
| Parcel Number | 0700537000C | Improvements Assessment | $58,360 |
| Land Assessment | $4,650 | Total Assessment | $63,010 |
PROPERTY TAXES
Parcel Number
0700537000C
Land Assessment
$4,650
Improvements Assessment
$58,360
Total Assessment
$63,010
(214) 347-7988
x4188
CONTACTS
-
Wyatt Wagner -
Scotty Latimer -
Josh Bishop -
Matthews Real Estate Investment Services
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Newark Dollar General | 570 Vine St
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