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DOLLAR GENERAL 3116 Hwy State 367 N hwy

10,640 SF Retail Building Newport, AR 72112 £1,372,554 (£129/SF) 6.95% Net Initial Yield

Investment Highlights

  • Brand-New 2024 Construction Dollar General Plus
  • Attractive 6.75% Cap In Today’s Competitive Market
  • Strategically Positioned Approximately 5-Minutes From Newport Municipal Airport And A Walmart Supercenter
  • 15 Year Absolute NNN Lease – Zero Landlord Responsibilities
  • Located Off US-67, Which Is The Main Thoroughfare Towards Little Rock
  • Corporately Guaranteed Lease From Dollar General Corporation

Executive Summary

Broker of Record
Kyle Matthews
License No. PB00084217 (AR)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Attachments

Dollar-General-Newport-AR-OM-1

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
C
Year Built
2024
Price
£1,372,554
Price Per SF
£129
Net Initial Yield
6.95%
NOI
£95,393
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
2.50 AC
Zoning
C - Commercial
Parking
21 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
244 ft on Arkansas 367

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Dollar General
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Dollar General - - - -

Links

1 of 1
(281) 757-2709

  • Listing ID: 32249754

  • Date on Market: 25/06/2024

  • Last Updated:

  • Address: 3116 Hwy State 367 N hwy, Newport, AR 72112

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3116 Hwy State 367 N hwy, Newport, AR for sale Primary Photo- Image 1 of 5
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3116 Hwy State 367 N hwy, Newport, AR for sale Building Photo- Image 2 of 5
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3116 Hwy State 367 N hwy, Newport, AR for sale Building Photo- Image 3 of 5
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3116 Hwy State 367 N hwy, Newport, AR for sale Building Photo- Image 4 of 5
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Brett Baumgartner

(281) 757-2709

(281) 757-2709

Josh Bishop

(214) 692-2289

(214) 692-2289

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