1406 Dr Martin Luther King Jr. Dr Crossett, AR 71635
- Retail properties
- 9,020 SF
- 2.96 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1406 Dr Martin Luther King Jr. Dr
- Year built
- 2020
- Lot size
- 2.96 lot acres
- Property size
- 9,020 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crossett
- County
- Ashley
- State
- Arkansas
- Longitude
- -91.9647
- Latitude
- 33.1179