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    16453 Vimy Ridge Rd Alexander, AR 72002

    Sponsored
    For Sale
    $2,249,400

    Arkansas Retail Property - Strong ROI

    Property size:
    12,668 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity features a 12,668 square foot Dollar General Market in Alexander, Arkansas, situated at 16453 Vimy Ridge Rd, zip code 72002. The property boasts a brand new 15-year absolute NNN lease commencing May 25, 2024, and expiring May 31, 2039, with five 5-year renewal options. The lease includes a favorable 5.0% rental escalation every five years, ensuring consistent income growth. The property's current Net Operating Income (NOI) is $143,964, yielding a 6.40% cap rate. The asking price is $2,249,400, translating to a price per square foot of $177.57. This single-tenant property benefits from Dollar General's investment-grade credit rating (BBB by Standard & Poor's), minimizing landlord responsibilities. The tenant, a Dollar General Market, offers expanded product offerings including fresh produce, meats, and dairy, catering to the needs of the surrounding community. This is a turnkey investment with exceptional long-term growth potential and a strong, creditworthy tenant. The property is 100% occupied. This is a rare opportunity to acquire a high-quality, net-leased retail asset with a long-term lease and built-in rent increases. The property is located in Saline County, Arkansas.

    Property Features for 16453 Vimy Ridge Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,668 SF

    HighLights

    • New 15‑year lease commencing May 2024, with five, five‑year renewal options.
    • Lease includes 5% rental escalations every five years.
    • Investment‑grade tenant (S&P BBB rating) with no landlord responsibilities.
    • Dollar General‑anchored investment opportunity in Arkansas.
    Property Profile Location Intelligence

    Current Use by Public Records

    dg market Grocery Store

    Suggested Use

    Law Firm Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Furniture Store Convenience Store Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexander
    County
    Saline
    State
    Arkansas
    Longitude
    -92.4148795
    Latitude
    34.6029056

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    FAQs

    What type of property is this?
    Individual retail property - Arkansas Retail Property - Strong ROI
    Where is this individual retail property located?
    The property is located at 16453 Vimy Ridge Rd Alexander, AR.
    What is the asking price?
    The asking price for this property is $2,249,400.
    What are key features of this property?
    This property features: New 15-year lease commencing May 2024, with five, five-year renewal options.; Lease includes 5% rental escalations every five years.; Investment-grade tenant (S&P BBB rating) with no landlord responsibilities.
    Request Owner's contact information
    16453 Vimy Ridge Rd Alexander, AR 72002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16453 Vimy Ridge Rd Alexander, AR 72002
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