Dollar General Absolute NNN
For Sale
Contact for pricing
7601 S Zero St, Fort Smith, AR 72903
Absolute NNN lease with Dollar General and remaining term of 10 years plus five 5-year renewal options.
Property Size9,026 SF
Price / SF$176
Days on Market89
Property Features for 7601 S Zero St
General Information
Standard status
Active
Size
9,026 SF
Property subtype
RETAIL
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Kidder Mathews | Silicon Valley
(408) 970-9400
Listed By:
Tom Todd
(408) 420-2692
Source:
Moodyscre
Added: Jun 19
Changed: Sep 8
Last Checked: Sep 14 at 9:07AM
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 Kidder Mathews | Silicon Valley
Investment Insights
Based on property information with market context.
This Dollar General absolute NNN store is offered for sale as a single-tenant investment. The lease has 10 years remaining and includes five 5-year renewal options, each with a 10% rent increase during the option period. The lease is guaranteed by Dollar General Corporation.
The property is located at 7601 S Zero St in Fort Smith, Arkansas. Fort Smith is a county seat and major regional hub in Sebastian County, situated along the Arkansas-Oklahoma border on the Arkansas River.
The building size is 9,026 square feet. The surrounding context includes proximity to Fort Smith Regional Airport, home to the Arkansas Air National Guard 188th Wing at Ebbing Air National Guard Base.
The property is located at 7601 S Zero St in Fort Smith, Arkansas. Fort Smith is a county seat and major regional hub in Sebastian County, situated along the Arkansas-Oklahoma border on the Arkansas River.
The building size is 9,026 square feet. The surrounding context includes proximity to Fort Smith Regional Airport, home to the Arkansas Air National Guard 188th Wing at Ebbing Air National Guard Base.
Key Highlights
- Absolute NNN lease with Dollar General and no landlord responsibilities
- Lease has 10 years remaining plus five 5‑year renewal options
- Each 5‑year renewal option increases rent by 10%
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
$94,841
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
5.94%
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%
$1,896,820
$1.9M
Cap Rate 7%
$1,354,871
$1.4M
Cap Rate 9%
$1,053,789
$1.1M
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
$135.4K $15.00/SF
− Vacancy
−$8.9K −$0.99/SF
EGI
$126.5K $14.01/SF
− OpEx
−$31.6K −$3.50/SF
NOI
$94.8K $10.51/SF
Area
Sebastian County, AR
Vacancy
6.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,896,820
Cap Rate 7%
$1,354,871
Cap Rate 9%
$1,053,789
Alternative Uses
Best Use
Specialty Retail
$1.35M
$1.19M – $1.58M
NOI $94,841 @ 7.0% cap · market cap 5.94%
Second Best
Retail
$1.01M
$885.2K – $1.18M
NOI $70,814 @ 7.0% cap · market cap 4.43%
Theoretical Best
Healthcare Medical
$1.92M
$1.68M – $2.24M
NOI $134,426 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 72903, AR
25,225
Population
12,079
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
16.2 sq mi
ZIP Area
1,557
Density / Sq Mi
$60,186
Median Household Income
$36,560
Median Earnings
$804
Median Rent
$216,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease with Dollar General and remaining term of 10 years plus five 5-year renewal options.
Where is this nnn property located?
The property is located at 7601 S Zero St Fort Smith, AR.
What is the asking price?
The asking price for this property is $1,597,600.
What are key features of this property?
This property features: Absolute NNN lease with Dollar General and no landlord responsibilities; Lease has 10 years remaining plus five 5‑year renewal options; Each 5‑year renewal option increases rent by 10%
