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601 Parkview St
Van Buren, AR 72956
Dollar General · Retail Property For Sale
Investment Highlights
- SINGLE TENANT DOLLAR GENERAL PLUS LOCATION: 10,542-SF on a 1.64 acre lot with 37 parking spaces
- RENTAL INCREASES IN EACH OPTION: 10% rental increases in each of five, 5-year renewal options.
- FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- 15 YEAR NNN LEASE: 2022 construction with 11.5 years remaining on the original NNN lease. No landlord responsibilities
- CORPORATE GUARANTEE: Lease is corporately guaranteed by Dollar General with over 20,800 stores across 48 states and Mexico.
- HIGH VISIBILITY LOCATION: Located on a corner with lighted pylon sign and large truck parking rear delivery zone
Executive Summary
NNN Lease | 2022 Construction | Dense Residential Corridor
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
10,542 SF
Year Built
2022
Price
$1,385,000
Price Per SF
$131.38
Cap Rate
6.75%
NOI
$93,456
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
1.64 AC
Property Taxes
| Parcel Numbers | Improvements Assessment | $242,960 | |
| Land Assessment | $24,750 | Total Assessment | $267,710 |
Property Taxes
Parcel Numbers
Land Assessment
$24,750
Improvements Assessment
$242,960
Total Assessment
$267,710
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