Established Dollar General Investment
For Sale
Contact for pricing
101 E Johnson Ave, Jonesboro, AR 72401
Established Dollar General store in Jonesboro, AR for sale.
Property Size8,000 SF
Price / SF$98.28
Days on Market976
Property Features for 101 E Johnson Ave
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Retail
Zoning
I-1
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$57,000
Building Details
Tenancy
Single
Listing Agency:
Legacy Realty Group
(870) 926-2357
Listed By:
Garrett McPherson · License #AR EB00072456
Source:
Crexi
Added: Dec 18, 2023
Changed: Aug 8
Last Checked: Aug 18 at 9:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Realty Group
Investment Insights
Based on property information with market context.
This established Dollar General store, located at 101 East Johnson in Jonesboro, AR, is available for purchase. The property benefits from a prime location with high visibility and significant traffic flow. The retail space is spacious and includes ample parking. Situated in a well-populated residential and commercial area, the property is within walking distance of Arkansas State University, which has an enrollment of over 14,000 students. This established Dollar General location offers a stable income stream.
Key Highlights
- Established Dollar General with a proven track record of generating a stable income stream.
- Prime location in Jonesboro, AR, with high visibility and significant traffic flow.
- Nationally recognized Dollar General brand provides a strong anchor tenant.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,149
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,362,980
$1.4M
Cap Rate 7%
$973,557
$973.6K
Cap Rate 9%
$757,211
$757.2K
Market Conditions
NOI Build-Up for 8,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$103.7K $12.96/SF
− Vacancy
−$6.3K −$0.79/SF
EGI
$97.4K $12.17/SF
− OpEx
−$29.2K −$3.65/SF
NOI
$68.1K $8.52/SF
Area
Craighead County, AR
Vacancy
6.10%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,362,980
Cap Rate 7%
$973,557
Cap Rate 9%
$757,211
Alternative Uses
Best Use
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,510 @ 7.0% cap · market cap 10.75%
Second Best
Retail
$973.6K
$851.9K – $1.14M
NOI $68,149 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,041 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
21k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Home Improvements & Furnishings 1%
Dollar General
Shops & Services
8,793 visits/mo
0.1 miles
Exxon
Shops & Services
5,672 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
3,391 visits/mo
0.1 miles
Exxon
Shops & Services
2,664 visits/mo
0.3 miles
Rent One
Home Improvements & Furnishings
156 visits/mo
0.1 miles
Demographics for 72401, AR
43,127
Population
19,328
Households
2.2
Avg Household Size
33
Median Age
23%
College-Educated
89%
High-School Grad
88.5 sq mi
ZIP Area
487
Density / Sq Mi
$43,412
Median Household Income
$32,970
Median Earnings
$897
Median Rent
$185,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hayes — Jonesboro, AR 72401
- Bill's Cost Plus — 200 e johnson ave, jonesboro, ar 72401
- Watson Ice — 385 e johnson ave, jonesboro, ar 72401
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established Dollar General store in Jonesboro, AR for sale.
Where is this grocery and convenience store located?
The property is located at 101 E Johnson Ave Jonesboro, AR.
What is the asking price?
The asking price for this property is $786,206.
What are key features of this property?
This property features: Established Dollar General with a proven track record of generating a stable income stream.; Prime location in Jonesboro, AR, with **high visibility and significant traffic flow.**; Nationally recognized Dollar General brand provides a strong anchor tenant.
