305 Us-165 Portland, AR 71663
- Retail properties
- 7,489 SF
- 1.49 lot acres
Current Use by Public Records
- Retail properties
Property Details for 305 Us-165
- Lot size
- 1.49 lot acres
- Property size
- 7,489 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 7,489-square-foot Dollar General store located at 305 US-165 in Portland, Arkansas, Ashley County, zip code 71663. The property sits on a 1.49-acre lot and is currently operating at 100% occupancy under a Net Lease (NNN) agreement. The lease, with a corporate guarantee, commenced on October 29, 2018, and has a remaining term of approximately nine years, expiring October 31, 2033. The lease includes four or five-year renewal options. The asking price is $1,283,684, representing a price per square foot of $171.41 and a 6.00% capitalization rate. The property generates a Net Operating Income (NOI) of $77,021 annually. Note that Dollar General is planning an expansion of the store to over 10,000 square feet. The property benefits from a strong location, with an average household income within a one-mile radius exceeding $65,000. The location is approximately 142 miles from Jackson, Mississippi. This is a rare opportunity to acquire a well-performing, passively managed retail investment with a strong tenant and significant upside potential due to the planned store expansion. The property is classified as retail, specifically a convenience store, and offers a stable, long-term income stream.
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
- Portland
- County
- Ashley
- State
- Arkansas
- Longitude
- -91.5085
- Latitude
- 33.2387
