5291 Ar-24 Chidester, AR 71726
- Retail properties
- 9,002 SF
Current Use by Public Records
- Retail properties
Property Details for 5291 Ar-24
- Year built
- 2021
- Property size
- 9,002 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,002-square-foot Dollar General store located at 5291 AR-24, Chidester, AR 71726, in Ouachita County. Built in 2021, the property boasts a strong 7.15% cap rate and a substantial net operating income (NOI) of $77,799. The absolute NNN lease with a corporate guarantee from Dollar General, a tenant with a BBB credit rating, ensures minimal landlord responsibilities. With over 11.4 years remaining on the lease term, plus five 5-year renewal options, this investment offers significant long-term stability. The property benefits from its location on AR-24, a road with 1,300 vehicles per day, and enjoys a strategic position approximately 60 miles east of Texarkana and 55 miles south of Hot Springs. The absence of competing corporate tenants in the immediate area further enhances its value proposition. Dollar General's proven resilience, including their award-winning response to the COVID-19 pandemic, underscores its status as a recession-resistant tenant. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a secure, long-term lease. The asking price is $1,088,111.
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
- Chidester
- County
- Ouachita
- State
- Arkansas
- Longitude
- -93.0243
- Latitude
- 33.7032
