This exceptional investment opportunity presents a single-tenant, triple-net (NNN) leased convenience store, grocery store, and pharmacy located at 570 Vine St, Newark, AR 72562. The property, built in 1999, encompasses 8,000 square feet on a 0.78-acre lot. It's currently 100% occupied by a Dollar General, Dollar Tree, and Family Dollar, boasting a strong 25-year operating history at this location. The current lease, commenced November 17, 2011, extends until May 30, 2030, with two, five-year renewal options at an 8.35% rent bump. The tenant, Dollar General, holds an investment-grade credit rating (BBB, S&P) and provides a corporate guarantee, ensuring consistent income. The property generates a substantial net operating income (NOI) of $33,040, yielding an attractive 8.00% cap rate. The location benefits from an average household income of $56,616 within a two-mile radius and limited competition, making it an ideal location for this type of retail operation. This is a rare opportunity to acquire a well-established, high-performing retail property with a long-term lease and significant upside potential. The asking price is $412,988.
Highlights
$412,988 asking price for a net-leased retail property.
8,000 square foot convenience store, grocery store, and pharmacy located in Newark, AR.
100% occupancy with a credit-rated, corporate-guaranteed lease to Dollar General, Dollar Tree, and Family Dollar.
5.3 years remaining on the lease with two, five-year options; 8.35% rent bumps in the options.
8.00% cap rate with a $33,040 annual net operating income (NOI).
0.78-acre lot, single building constructed in 1999.
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Contacts
Scotty Latimer
Wyatt Wagner
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570 Vine St, Newark, Arkansas, 72562
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570 Vine St
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