Dollar General NNN
For Sale
Contact for pricing
6242 N Highway 71, Alma, AR 72921
Absolute NNN lease assigns taxes, insurance, and maintenance responsibilities to the tenant.
Property Size9,026 SF
Lot Size1.97 Acres
Price / SF$137.18
Days on Market9
Property Features for 6242 N Highway 71
General Information
Standard status
Active
Size
9,026 SF
Class
B
Total Parking Spaces
31
Lot size
1.97 Acres
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$80,484
Financials
Asking Price
$1,238,215
Cap Rate
6.5%
Site & Location
Traffic Count
33,000 vehicles/day
Road Access
Yes
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
Commercial Realty LLC Little Rock
Listed By:
Braden Bratcher · License #SA00097462
Source:
Crexi
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 19 at 8:05AM
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 Commercial Realty LLC Little Rock
Investment Insights
Based on property information with market context.
This Dollar General property contains ±9,026 SF and was built in 2020 on ±1.97 acres. The asset is leased on an absolute NNN basis, with the tenant responsible for property taxes, insurance, and maintenance. The lease is guaranteed by Dollar General Corporation and extends through April 30, 2035, with five additional five-year renewal options and 10% rent increases at each option.
The property is located at 6242 N Highway 71 in Alma, Arkansas, with direct frontage along US Highway 71. Reported traffic volume is approximately 33,000 AADT. The surrounding area includes Walmart, Baptist Health, Alma Middle/High Schools, and Lake Alma Park, while nearby I-40 and I-49 provide regional access.
The property offers a modern, single-tenant retail format with a long lease term and no day-to-day management obligations identified for the owner.
The property is located at 6242 N Highway 71 in Alma, Arkansas, with direct frontage along US Highway 71. Reported traffic volume is approximately 33,000 AADT. The surrounding area includes Walmart, Baptist Health, Alma Middle/High Schools, and Lake Alma Park, while nearby I-40 and I-49 provide regional access.
The property offers a modern, single-tenant retail format with a long lease term and no day-to-day management obligations identified for the owner.
Key Highlights
- ±9,026 SF Dollar General building completed in 2020
- Absolute NNN lease with tenant responsibility for taxes, insurance, and maintenance
- Lease runs through April 30, 2035, with five five‑year renewal options
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
$77,896
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
6.29%
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%
$1,557,920
$1.6M
Cap Rate 7%
$1,112,800
$1.1M
Cap Rate 9%
$865,511
$865.5K
Market Conditions
NOI Build-Up for 9,026 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
$119.1K $13.20/SF
− Vacancy
−$7.9K −$0.87/SF
EGI
$111.3K $12.33/SF
− OpEx
−$33.4K −$3.70/SF
NOI
$77.9K $8.63/SF
Area
Crawford County, AR
Vacancy
6.60%
Lease Rate
$13.20 /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%
$1,557,920
Cap Rate 7%
$1,112,800
Cap Rate 9%
$865,511
Alternative Uses
Best Use
Retail
$1.11M
$973.7K – $1.30M
NOI $77,896 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,136 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
33,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,919 visits/mo
0.1 miles
Demographics for 72921, AR
13,770
Population
5,287
Households
2.6
Avg Household Size
39
Median Age
22%
College-Educated
91%
High-School Grad
88.9 sq mi
ZIP Area
155
Density / Sq Mi
$68,302
Median Household Income
$44,259
Median Earnings
$963
Median Rent
$185,800
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 - Absolute NNN lease assigns taxes, insurance, and maintenance responsibilities to the tenant.
Where is this nnn property located?
The property is located at 6242 N Highway 71 Alma, AR.
What is the asking price?
The asking price for this property is $1,238,215.
What are key features of this property?
This property features: ±9,026 SF Dollar General building completed in 2020; Absolute NNN lease with tenant responsibility for taxes, insurance, and maintenance; Lease runs through April 30, 2035, with five five‑year renewal options
