Property profile

1406 Dr Martin Luther King Jr. Dr Crossett, AR 71635

OFF-MARKET
Retail properties & Spaces
9,020 SF 2.96 ac lot Built 2020
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 2020
Total area 9,020 SF
Lot 2.96 ac (128,938 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1406 Dr Martin Luther King Jr. Dr Crossett, AR 71635
Crossett metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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