Property profile

611 Us-65 Dumas, AR 71639

OFF-MARKET
Retail properties & Spaces
20,220 SF 2 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 20,220 SF
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

611 Us-65 Dumas, AR 71639
Dumas metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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