500 Front St Walnut Ridge, AR 72476

This fee-simple retail property in Walnut Ridge, Arkansas, presents a compelling investment opportunity. The 8,174 square foot building, constructed in 1980 and situated on a 0.65-acre lot at 500 SW Front St (zip code 72476), is currently 100% occupied by a Dollar General, Dollar Tree, Family Dollar, and Dollar Store under a Net Lease (NN+) agreement with a credit-rated, corporate-guaranteed tenant. The lease, with a remaining term of 1.8 years, expires May 30, 2026, and includes three 5-year options with 10% rent bumps every five years. The property boasts a strong operating history, with the tenant successfully operating at this location since 1999. Recent improvements include a roof replacement (2016), exterior repainting (2023) to match Family Dollar's updated branding, and parking lot restripes (2024). The property generates a Net Operating Income (NOI) of $48,000, resulting in an attractive 9.32% cap rate. The location offers excellent visibility and access, situated on SW Front St, a major thoroughfare with approximately 9,892 vehicles per day. Walnut Ridge's strategic location, approximately 127 miles from Paragould and 124 miles from Jonesboro, further enhances the property's appeal. This investment offers a strong return in a competitive market, anchored by a well-established, financially sound tenant in a prime location.