Property summary
This exceptional investment opportunity presents a fee-simple owned, 9,020-square-foot Dollar General store in Crossett, Arkansas. Located on 2.96 acres at 1406 Dr Martin Luther King, Jr. Dr, this property boasts an absolute NNN lease with a corporate guarantee, ensuring minimal landlord responsibilities. The current lease, commencing August 28, 2020, and expiring August 31, 2035, includes five 5-year renewal options with 10% rent increases at the beginning of each option period. The asking price is $1,217,542, representing a 7.20% cap rate and a price per square foot of $134.98. The property generates a Net Operating Income (NOI) of $87,663. Built in 2020, this store enjoys 100% occupancy and benefits from its location on a high-traffic road (7,200 vehicles per day) near Crossett High School and other national retailers. Placer AI data ranks this Dollar General in the top 50% nationally, highlighting its strong performance and market position within a desirable demographic area. The property's strong tenant, lease terms, and location combine to create a compelling investment opportunity with significant long-term potential. The APN is 706-02661-002.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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