2576 Us-278 Wilmar, AR 71675
- Retail properties
- 10,640 SF
- 1.90 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2576 Us-278
- Year built
- 2024
- Lot size
- 1.90 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a brand-new, 10,640 square foot Dollar General Plus store in Wilmar, Arkansas. Built in 2024, the property sits on a 1.9-acre lot at 2576 US-278, a prime location along the main thoroughfare between Warren and Monticello. The property benefits from a 15-year absolute NNN lease with a corporate guarantee from Dollar General Corporation, a credit-rated tenant with a strong track record. The lease features built-in rent bumps of 5% every five years, and five, 5-year lease options, ensuring long-term income stability. The current lease expires July 29, 2039, leaving a substantial remaining term of approximately 14.8 years. With a 100% occupancy rate and a Net Operating Income (NOI) of $116,458, this property offers a compelling 6.95% cap rate. The property is fee simple ownership and is ideally situated within approximately 100 miles of the University of Arkansas at Monticello. This is a rare chance to acquire a high-performing, low-maintenance retail investment with significant upside potential. The asking price is $1,675,655.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilmar
- County
- Drew
- State
- Arkansas
- Longitude
- -91.9301
- Latitude
- 33.6295
