This exceptional investment opportunity presents a freestanding, 9,014 square foot retail building situated on a 1.61-acre lot in Jonesboro, Arkansas (72404). The property is currently 100% occupied by a Dollar General store under an absolute NNN lease, eliminating all landlord responsibilities. The lease commenced November 1, 2011, and expires October 31, 2031, with six, five-year renewal options remaining, each including a 10% rent increase. The current annual net operating income (NOI) is $76,920, resulting in a compelling 7.15% cap rate. Built in 2011, this property benefits from a strong tenant with an investment-grade credit rating and a significant market presence. The location boasts excellent visibility and accessibility, situated within a densely populated area. Within a 5-mile radius, the population exceeds 44,111 residents, and within 10 miles, it surpasses 93,071. Nearby national retailers include Walmart, Wendy's, Home Depot, Kroger, Sam's Club, and many more, indicating a thriving commercial environment. Dollar General's robust financial performance, including a market cap of approximately $30 billion, further underscores the investment's stability and potential for long-term growth. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant remaining lease term. The asking price is $1,075,804.
Highlights
2011 Dollar General built-to-suit.
Absolute NNN lease; no landlord responsibilities.
5-mile population exceeds 44,111; 10-mile population exceeds 93,071.
Strong co-tenancy including Walmart, Wendy's, Home Depot, Kroger, and more.
Investment-grade tenant (BBB S&P rating), over 21,000 locations, and significant growth plans.
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Contacts
Scotty Latimer
Wyatt Wagner
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5431 Southwest Dr, Jonesboro, Arkansas, 72404
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5431 Southwest Dr
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