Building Details

Year Built 2021

Listing Agency: Colliers | Fort Lauderdale Show Phone

Listed By: Christopher Twist Show Phone

Source: Moodyscre

Added: Jul 9 Changed: Sep 3 Last Checked: Sep 7 at 10:50AM

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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 Colliers | Fort Lauderdale

Investment Insights

Based on property information with market context.

This for-sale NNN retail property features newer 2021 construction and is presented with a significant remaining term. The offering is described as backed by Dollar General and structured for “true mailbox” income, with zero landlord responsibility.

The property is located at 197 S Highway 59 in Sulphur Springs, Arkansas, providing an investable retail setup aligned with long-term tenant commitment as presented in the marketing materials.

The seller also notes the basis is 1031-friendly for eligible exchanges, and the property is categorized as a specialty/Nnn retail investment opportunity.

Key Highlights

• New 2021 construction with significant term remaining
• True NNN structure with zero landlord responsibility
• True mailbox income

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

$102,408

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

7.69%

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%

$2,048,160 $2.0M

Cap Rate 7%

$1,462,971 $1.5M

Cap Rate 9%

$1,137,867 $1.1M

Market Conditions

NOI Build-Up for 9,002 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

$156.6K $17.40/SF

− Vacancy

−$10.3K −$1.15/SF

EGI

$146.3K $16.25/SF

− OpEx

−$43.9K −$4.88/SF

NOI

$102.4K $11.38/SF

Area

Benton County, AR

Vacancy

6.60%

Lease Rate

$17.40 /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%

$2,048,160

Cap Rate 7%

$1,462,971

Cap Rate 9%

$1,137,867

Alternative Uses

Best Use

Retail

$1.46M

$1.28M – $1.71M (±1% cap)

NOI $102,408 @ 7.0% cap · market cap 7.69%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.47M

$2.16M – $2.89M (±1% cap)

NOI $173,167 @ 7.0% cap · market cap 13.00%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Building Supply Plumbing Service Auto Parts Store Cafe & Coffee Shop Home Appliance Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

Explore this area Business Placement

Demographics for 72768, AR

1,241

Population

609

Households

2

Avg Household Size

38

Median Age

15%

College-Educated

79%

High-School Grad

31.6 sq mi

ZIP Area

39

Density / Sq Mi

$43,625

Median Household Income

$38,464

Median Earnings

$731

Median Rent

$147,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Newly constructed in 2021 with significant lease term remaining and zero landlord responsibility under a true NNN structure.

Where is this nnn property located?

The property is located at 197 S Highway 59 Sulphur Springs, AR.

What is the asking price?

The asking price for this property is $1,331,733.

What are key features of this property?

This property features: New 2021 construction with significant term remaining; True NNN structure with zero landlord responsibility; True mailbox income