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Dollar General 819 N Center St

9,014 SF Retail Building Lonoke, AR 72086 £853,130 (£95/SF) 7.50% Net Initial Yield

Investment Highlights

  • Investment Grade Credit Tenant (Rated “BBB” by Standard & Poor)
  • $27B Market Cap; $37B Total Revenue
  • 5-Year Renewal Options
  • 19K+ Total Locations, 170K+ Total Employees

Executive Summary

We are pleased to present an opportunity to purchase an investment grade single tenant net leased asset occupied by Dollar General (NASDAQ: DG), a publicly traded industry leader, located at 819 N Center St. in Lonoke, Arkansas. This investment opportunity is situated just north of the main intersection in Lonoke, and is strategically positioned to serve the community and outlying residents. The first option was just exercised early providing approx. 5.5 years remaining on the term showing commitment to the location. There are still 4, 5-year options remaining with 10% rental escalations every five (5) years.
This Dollar General, established in August 2009, has proven its resilience and profitability over the years, solidifying its position as a cornerstone of the local retail landscape. The property’s strategic positioning within the Lonoke community provides consistent customer traffic and proven sales, making it an ideal choice for investors seeking a reliable and high-performing asset. This is an excellent opportunity to purchase an investment grade credit tenant (rated “BBB” by Standard and Poor) with zero landlord responsibilities.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
C
Year Built
2009
Price
£853,130
Price Per SF
£95
Net Initial Yield
7.50%
NOI
£63,985
Tenancy
Single
Number of Floors
1
Building FAR
0.43
Land Acres
0.48 AC
Parking
20 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
301 ft on Center St

Amenities

  • Pylon Sign
  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
780-16103-000
Land Assessment
£9,168
Improvements Assessment
£71,294
Total Assessment
£80,462
  • Listing ID: 32957363

  • Date on Market: 26/08/2024

  • Last Updated:

  • Address: 819 N Center St, Lonoke, AR 72086

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