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Dollar General Plus 4758 AR-164

10,566 SF Retail Building Hartman, AR 72840 £1,563,335 (£148/SF) 6.75% Net Initial Yield

Investment Highlights

  • Absolute NNN - Zero Landlord Obligations
  • Investment Grade Tenant
  • Good Demographics for a Dollar General
  • New Lease With Increases in Lease Term & Option Periods
  • Brand-New, Build-To-Suit Construction

Executive Summary

Northmarq is pleased to offer to qualified investors a single-tenant retail property, 100% leased to Dollar General, located in the city of Hartman, AR (the “Property”). The Property consists of a ± 10,566 SF building on ± 2.45 acres of land. This Dollar General is operating under a brand-new fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options with 5% rental increases during the lease term and in each of the options.
The Property is strategically positioned right off Interstate 40 on Arkansas Highway 164 and is a great location for travelers to stop for any grocery and other miscellaneous needs.
Dollar General is a U.S. chain of variety stores with over 20,022 Dollar General, DG Market, DGX and pOpshelf stores across the U.S. and has thrived during the economic recovery of the last several years with their Revenues, Gross Profit and Net Income growing over 16% since January 2015.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,566 SF
Year Built
2024
Price
£1,563,335
Price Per SF
£148
Net Initial Yield
6.75%
NOI
£105,539
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
2.45 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
001-10221-001
Land Assessment
£909
Improvements Assessment
£0
Total Assessment
£909
  • Listing ID: 32480983

  • Date on Market: 16/07/2024

  • Last Updated:

  • Address: 4758 AR-164, Hartman, AR 72840

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