3116 Ar-367 Newport, AR 72112
- Retail properties
- 10,640 SF
- 2.27 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3116 Ar-367
- Year built
- 2024
- Lot size
- 2.27 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
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
- Newport
- County
- Jackson
- State
- Arkansas
- Longitude
- -91.2516
- Latitude
- 35.6365
