123 Bevill AveGosnell, AR 72315

For Sale
$1,854,000

High-yield, NNN-leased Dollar General

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market in Gosnell, Arkansas. The property boasts a 14.6-year remaining lease term (expiring June 29, 2039) with a strong corporate guarantee and a built-in 5% rent increase every five years throughout the primary term and options. Located at 123 Bevill Ave, Gosnell, AR 72315, this single-tenant, fee-simple property sits on a 1.97-acre lot and benefits from an absolute NNN lease structure, eliminating landlord responsibilities. The property's strategic location across from Gosnell Elementary and High Schools ensures high visibility and consistent traffic. With a current NOI of $129,780 and a 7.00% cap rate, this investment offers a compelling return on investment. The building was constructed in 2024 and enjoys 100% occupancy. The asking price is $1,854,000, translating to $148.56 per square foot. This relocation store benefits from an established customer base, having been moved from a high-performing location nearby. The strong demographics, with over 15,000 residents within a five-mile radius, further solidify this investment's potential. This is a rare opportunity to acquire a high-performing, low-maintenance retail property with a long-term lease and significant upside potential.

Highlights

  • Brand new, 15-year Dollar General Market lease.
  • Absolute NNN lease; no landlord responsibilities.
  • Relocation to a new building from a strong performing nearby location.
  • 5% rent increase every 5 years throughout the primary lease term and options.
  • Strong demographics: 15,000+ residents within a 5-mile radius.
  • Excellent visibility across from Gosnell Elementary and High Schools.

Property Details for 123 Bevill Ave

Property type
Other specialty properties, Other retail properties
Square Feet
12,480 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
85,813 SF
Units
1

Location Insight

City
Gosnell
County
Mississippi
State
Arkansas
Latitude
35.9594084
Longitude
-89.9679819
123 Bevill Ave, Gosnell, Arkansas

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123 Bevill Ave
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