16453 Vimy Ridge Rd, Alexander, AR 72002

This exceptional investment opportunity features a 12,668 square foot Dollar General Market in Alexander, Arkansas, situated at 16453 Vimy Ridge Rd, zip code 72002. The property boasts a brand new 15-year absolute NNN lease commencing May 25, 2024, and expiring May 31, 2039, with five 5-year renewal options. The lease includes a favorable 5.0% rental escalation every five years, ensuring consistent income growth. The property's current Net Operating Income (NOI) is $143,964, yielding a 6.40% cap rate. The asking price is $2,249,400, translating to a price per square foot of $177.57. This single-tenant property benefits from Dollar General's investment-grade credit rating (BBB by Standard & Poor's), minimizing landlord responsibilities. The tenant, a Dollar General Market, offers expanded product offerings including fresh produce, meats, and dairy, catering to the needs of the surrounding community. This is a turnkey investment with exceptional long-term growth potential and a strong, creditworthy tenant. The property is 100% occupied. This is a rare opportunity to acquire a high-quality, net-leased retail asset with a long-term lease and built-in rent increases. The property is located in Saline County, Arkansas.