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    3116 Ar-367 Newport, AR 72112
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    3116 Ar-367 Newport, AR 72112

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    • Retail properties & Spaces
    • 10,640 SF
    • 2.27 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3116 Ar-367

    Year built
    2024
    Lot size
    2.27 lot acres
    Property size
    10,640 SF
    Property type
    Retail properties & Spaces
    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Jackson
    State
    Arkansas
    Longitude
    -91.2516
    Latitude
    35.6365

    Comparable in this City

    • Value Estimation
      $880,000
      13,166 SF

      2401 Malcolm Ave

      DRUG STORE, PHARMACY • 13,166 SF
      2401 Malcolm Ave, Newport, AR 72112-3673
      View Details
    • Value Estimation by Request
      5,218 SF

      1303 Mclain St

      DRUG STORE, PHARMACY • 5,218 SF
      1303 Mclain St, Newport, AR 72112-3633
      View Details
    • Value Estimation by Request
      2,169 SF

      1020 Hwy 367th N

      CONVENIENCE STORE • 2,169 SF
      1020 Hwy 367th N, Newport, AR 72112-2951
      View Details
    • Value Estimation by Request
      2,091 SF

      2322 Hwy 14th W

      CONVENIENCE STORE • 2,091 SF
      2322 Hwy 14th W, Newport, AR 72112
      View Details
    • Value Estimation by Request
      3,900 SF

      1420 Malcolm Ave

      CONVENIENCE STORE • 3,900 SF
      1420 Malcolm Ave, Newport, AR 72112-3618
      View Details
    • Value Estimation
      $1,780,000
      4,929 SF

      3600 Hwy 18th W

      CONVENIENCE STORE • 4,929 SF
      3600 Hwy 18th W, Newport, AR 72112-5002
      View Details

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    Newport, AR 72112
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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