Current Use by Public Records
- DG Market / Grocery & Convenience Store / Food Market
- Dollar General Market / Grocery & Convenience Store / Food Market
Property Details for 2801 Main St
- Year built
- 2023
- Lot size
- 1.85 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a 12,668-square-foot Dollar General Market in Clarksville, Arkansas. Built in 2023, the property boasts a 100% occupancy rate with a 13.8-year remaining lease term (expiring August 30, 2038) under an absolute NNN lease, requiring zero landlord responsibilities. The lease includes five, 5-year renewal options with a 10% rent increase. The property features a strong corporate guarantee from Dollar General Corporation, rated BBB by S&P. Located at 2801 W Main Street, Clarksville, AR 72830, this strategically positioned storefront enjoys excellent visibility along US-64 (8,100 vehicles daily) and convenient access to I-40 (27,000 vehicles daily). The 1.85-acre lot is situated just four miles from downtown Clarksville and the University of the Ozarks, serving a population of over 13,000 residents within a five-mile radius. The asking price is $1,841,960, representing a price per square foot of $145.40 and a 6.75% cap rate, with a current net operating income (NOI) of $124,332. This Dollar General Market prototype includes expanded cooler space and options for fresh produce, further enhancing its appeal and profitability. The property offers a compelling combination of strong tenant credit, long-term lease stability, and a prime location, making it an ideal addition to any investment portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Johnson
- State
- Arkansas
- Longitude
- -93.5247
- Latitude
- 35.4618
