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    OFF-MARKET
    Retail properties & Spaces

    3116 Ar-367, Newport, AR 72112

    10,640 SF 2.27 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a brand-new, 2024-constructed, 10,640 square foot Dollar General Plus store in Newport, Arkansas. Located on a 2.27-acre lot at 3116 AR-367, this property boasts a 15-year absolute NNN lease with a corporate guarantee from Dollar General Corporation, ensuring minimal landlord responsibilities. The lease features attractive 5% rent bumps every five years, and five, 5-year lease options. The current lease expiration date is May 30, 2039, leaving a substantial 14.8 years remaining. The property generates a strong net operating income (NOI) of $121,915, resulting in a compelling 6.95% cap rate. Strategically positioned off US-67, a major thoroughfare towards Little Rock, and conveniently located near Newport Municipal Airport and a Walmart Supercenter, this property benefits from high visibility and strong consumer traffic. Newport's economy is diverse, with significant employment in manufacturing, retail, and healthcare. Dollar General's investment-grade credit rating and proven resilience further enhance the security and profitability of this investment. This fee-simple ownership offers a rare opportunity to acquire a high-performing retail asset with significant long-term growth potential. The property is currently 100% occupied.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2024
    Total area 10,640 SF
    Lot 2.27 ac (98,881 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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