803 Ar-74 Wesley, AR 72773
- Retail properties
- 9,026 SF
Current Use by Public Records
- Retail properties
Property Details for 803 Ar-74
- Year built
- 2020
- Property size
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,026-square-foot Dollar General store located at 803 AR-74 in Wesley, Arkansas, 72773. Built in 2020, the property boasts a strong 7.15% cap rate and a substantial net operating income (NOI) of $85,692. The absolute NNN lease, featuring a corporate guarantee from Dollar General, provides significant investor protection and minimal landlord responsibilities. With over 11 years remaining on the lease term (expiring 11/30/2035), and five 5-year renewal options, this investment offers long-term stability and predictable cash flow. The property's strategic location on Highway 74, experiencing over 2,000 vehicles per day, serves a population of approximately 4,272 within a 5-mile radius. Dollar General is the only corporate tenant in the area, eliminating direct competition. The asking price is $1,198,489, translating to $132.78 per square foot. This recession-resistant investment, backed by a tenant with a BBB credit rating, presents a compelling opportunity for discerning investors seeking a secure and profitable addition to their portfolio. The property is classified as a convenience store, grocery store, and storefront.
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
- Wesley
- County
- Madison
- State
- Arkansas
- Longitude
- -93.9347
- Latitude
- 36.0289
