611 Us-65 Dumas, AR 71639
- Retail properties
- 20,220 SF
- 2.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 611 Us-65
- Lot size
- 2.00 lot acres
- Property size
- 20,220 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a single-tenant, 20,220-square-foot Dollar General store in Dumas, Arkansas. The property boasts a brand-new, 10.1-year net lease (NN) with five, five-year renewal options, each including a 10% rent increase. The lease commenced August 2, 2023, and expires August 31, 2033, leaving a substantial 8.8 years remaining. The asking price is $1,655,826, translating to $81.89 per square foot, and offers a compelling 7.50% cap rate based on a net operating income (NOI) of $124,187. The property sits on a two-acre lot and is a single-story building, renovated in 2023. Occupancy is currently 100%, beginning August 2, 2023. This is a relocation store from a smaller location, benefiting from increased visibility and a larger footprint. The strong tenant, Dollar General, provides a corporate guarantee and an investment-grade credit rating. The location is strategically positioned, serving a population exceeding 4,800 within a five-mile radius and boasting an average household income exceeding $63,000 annually within a one-mile radius. This presents a low-risk, high-return investment ideal for 1031 exchange buyers or passive investors seeking a stable, long-term income stream.
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
- Dumas
- County
- Desha
- State
- Arkansas
- Longitude
- -91.4809
- Latitude
- 33.8792
