1212 Main St Leachville, AR 72438
- Retail properties
- 10,500 SF
- 0.90 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 1212 Main St
- Year built
- 2024
- Lot size
- 0.90 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 Leachville, Arkansas. Located at 1212 Main St, 72438, this fee-simple property boasts a 10-year net lease (NN+) with a credit-rated corporate guarantor, commencing March 1, 2024, and expiring February 28, 2034. The property features six five-year renewal options, with a $0.50 per square foot rent increase at each option. The current asking price is $1,519,000, representing a compelling 7.50% cap rate and a price per square foot of $144.67. The property sits on a 0.9-acre lot and offers excellent highway visibility and convenient ingress/egress. With a strong NOI of $113,925 and 100% occupancy, this investment is ideal for those seeking a stable, high-return asset. The property's dual branding provides consumers with a wide selection, enhancing its appeal and profitability. The building was constructed in 2024 and includes a concrete parking lot. This is an excellent 1031 exchange opportunity. The strong tenant, combined with the long-term lease and built-in rent increases, makes this a truly attractive investment. The one-mile population is approximately 2,659.
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
- Leachville
- County
- Mississippi
- State
- Arkansas
- Longitude
- -90.257
- Latitude
- 35.9238
