16453 Vimy Ridge Rd, Alexander, AR 72002
New 15-year NNN lease with rental escalations.
- Added:
- Apr 22, 2024
- Days on Market:
- 806
- Last Refresh:
- May 12 at 8:21 pm
Property Features for 16453 Vimy Ridge Rd
General Information
- Standard status
- Active
- Size
- 12,668 SF
- Property subtype
- Retail
Listing office Colliers - Los Angeles - Orange County, California (949) 724-5561
Listing date Apr 22, 2024
Source Crexi
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 - Los Angeles - Orange County, California
HighLights
- Brand new 15‑year lease commencing May 2024.
- Tenant is Dollar General (NASDAQ: DG), a publicly traded company.
- Dollar General Market format includes produce and fresh meats.
- Net leased asset.
- Located in Alexander, Arkansas.
- Features 5, 5‑year options with 5.0% rental escalations every five years.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $211.3k | $16.68 |
| − Vacancy | −$12.9k | −$1.02 |
| EGI | $198.4k | $15.66 |
| − OpEx | −$59.5k | −$4.70 |
| NOI | $138.9k | $10.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Alexander
- County
- Saline
- State
- Arkansas
- Longitude
- -92.413055
- Latitude
- 34.599585
