Dollar General | 1943 US-425
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Dollar General 1943 US-425
10,640 SF Retail Building Monticello, AR 71655 £1,409,337 (£132/SF) 6.75% Net Initial Yield
Investment Highlights
- Brand new 15-year absolute NNN lease with 5% rent increases every 5 years
- Strategically fronting U.S. Hwy 425 averaging 15,000 VPD
- More than 10,000 residents and 6,000 employees support the trade area | $71,140 average household income in 1-mile trade area
- Lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB)
- Immediate trade area is supported by surrounding retailers such as Walmart Supercenter, Take 5, Taco Bell, McDonald’s, Wendy’s, and more
Executive Summary
• Dollar General just signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 5% increases every 5 years throughout the initial term and option periods
• The newly-constructed building features a state-of-the-art design with high-quality materials
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,000 locations in 47 states as of February 2024
• The lease features 5% increases every 5 years throughout the initial term and option periods
• The newly-constructed building features a state-of-the-art design with high-quality materials
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,000 locations in 47 states as of February 2024
Property Facts
Sale Type
Investment
Property Type
Building Size
10,640 SF
Year Built
2024
Price
£1,409,337
Price Per SF
£132
Net Initial Yield
6.75%
NOI
£95,130
Tenancy
Single
Number of Floors
1
Building FAR
0.01
Lot Size
36.96 AC
Opportunity Zone
Yes
Zoning
General Commercial - General Commercial
Parking
43 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
353 ft on U.S. 425
Amenities
- Air Conditioning
1 of 7
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Dollar General | 1943 US-425
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