500 Front St Walnut Ridge, AR 72476
- Retail properties
- 8,174 SF
- 0.65 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 500 Front St
- Year built
- 1980
- Lot size
- 0.65 lot acres
- Property size
- 8,174 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Walnut Ridge
- County
- Lawrence
- State
- Arkansas
- Longitude
- -90.9603
- Latitude
- 36.0657
