Dollar General Absolute NNN
For Sale
Contact for pricing
2110 Ridgway Rd, Pine Bluff, AR 71603
Freestanding retail building leased under an absolute NNN structure with renewal options and scheduled rent increases.
Property Size9,100 SF
Lot Size1.43 Acres
Price / SF$121.98
Days on Market106
Property Features for 2110 Ridgway Rd
General Information
Standard status
Active
Size
9,100 SF
Lot size
1.43 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$86,136
Site & Location
Traffic Count
12,000 vehicles/day
Road Access
Yes
Building Details
Year Built
2017
Buildings
1
Tenancy
Single
Listing Agency:
AMC Real Estate
Listed By:
Angelo Iacobelli · License #MI 6501442625
Source:
Crexi
Added: May 18
Changed: Aug 31
Last Checked: Aug 31 at 3:06AM
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 AMC Real Estate
Investment Insights
Based on property information with market context.
This freestanding Dollar General property was completed in 2017 and contains 9,100 square feet on 1.43 acres. The asset is subject to an absolute NNN corporate lease with approximately six years remaining on the initial 15-year term. The agreement includes five 5-year renewal options, each providing 10% rent increases.
The property occupies the signalized intersection of Ridgway Road and South Hazel Street in Pine Bluff, Arkansas. Positioned along a primary commercial corridor serving established residential neighborhoods, the site records approximately 12,000 vehicles per day and provides ingress and egress suited to a high-frequency retail operation.
The property occupies the signalized intersection of Ridgway Road and South Hazel Street in Pine Bluff, Arkansas. Positioned along a primary commercial corridor serving established residential neighborhoods, the site records approximately 12,000 vehicles per day and provides ingress and egress suited to a high-frequency retail operation.
Key Highlights
- Dollar General freestanding building completed in 2017
- 9,100 SF building on 1.43 acres
- Absolute NNN corporate lease with approximately six years remaining on the initial 15‑year term
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
$89,244
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
8.04%
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%
$1,784,880
$1.8M
Cap Rate 7%
$1,274,914
$1.3M
Cap Rate 9%
$991,600
$991.6K
Market Conditions
NOI Build-Up for 9,100 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
$136.5K $15.00/SF
− Vacancy
−$9.0K −$0.99/SF
EGI
$127.5K $14.01/SF
− OpEx
−$38.2K −$4.20/SF
NOI
$89.2K $9.81/SF
Area
Jefferson County, AR
Vacancy
6.60%
Lease Rate
$15.00 /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%
$1,784,880
Cap Rate 7%
$1,274,914
Cap Rate 9%
$991,600
Alternative Uses
Best Use
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,742 @ 7.0% cap · market cap 10.34%
Second Best
Retail
$1.27M
$1.12M – $1.49M
NOI $89,244 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,316 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 71603, AR
30,236
Population
13,997
Households
2.2
Avg Household Size
43
Median Age
24%
College-Educated
90%
High-School Grad
167.8 sq mi
ZIP Area
180
Density / Sq Mi
$51,019
Median Household Income
$35,833
Median Earnings
$859
Median Rent
$116,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail building leased under an absolute NNN structure with renewal options and scheduled rent increases.
Where is this nnn property located?
The property is located at 2110 Ridgway Rd Pine Bluff, AR.
What is the asking price?
The asking price for this property is $1,110,000.
What are key features of this property?
This property features: Dollar General freestanding building completed in 2017; 9,100 SF building on 1.43 acres; Absolute NNN corporate lease with approximately six years remaining on the initial 15‑year term
