6212 Batesville Blvd Pleasant Plains, AR 72568
- Retail properties
- 10,500 SF
- 1.70 lot acres
Current Use by Public Records
- Family Dollar / Discount Store / Discount Supermarket
Property Details for 6212 Batesville Blvd
- Year built
- 2024
- Lot size
- 1.70 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,500-square-foot Family Dollar/Dollar Tree combo store in Pleasant Plains, Arkansas. Located at 6212 Batesville Blvd, 72568, this single-story building sits on a 1.7-acre lot and boasts excellent highway visibility. The property features a concrete parking lot and benefits from a strong 10-year Net Lease (NN+) with a corporate guarantee, commencing February 1, 2024, and expiring January 31, 2034. The lease includes six 5-year renewal options, each with a $0.50 per square foot rent increase. The current Net Operating Income (NOI) is $114,450, yielding a 7.50% cap rate. The asking price is $1,526,000, translating to $145.33 per square foot. The property is currently 100% occupied, with occupancy commencing March 1, 2024. The dual branding provides consumers with a wide selection, enhancing the property's appeal and profitability. Within a one-mile radius, the population exceeds 3,274. This fee-simple ownership presents a compelling investment opportunity, particularly suitable for 1031 exchange purposes. The building was constructed in 2024.
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
- Pleasant Plains
- County
- Independence
- State
- Arkansas
- Longitude
- -91.6178
- Latitude
- 35.5769
