Current Use by Public Records
- Retail properties & Spaces
Property Details for 3273 Ar-21
- Year built
- 2023
- Lot size
- 3.58 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,566-square-foot Dollar General store in Clarksville, Arkansas. Built in 2023, the property boasts a 100% occupancy rate with a strong, credit-rated corporate guarantee from Dollar General Corporation. The absolute NNN lease features a 13.9-year remaining term (expiring September 29, 2038) with five, 5-year renewal options, each including a 10% rent increase. The property sits on a 3.58-acre lot with excellent visibility along Highway 21, experiencing high daily traffic. The current annual net operating income (NOI) is $112,980, resulting in a compelling 6.75% cap rate and a price per square foot of $158.41. The asking price is $1,673,780. This investment offers a secure, long-term income stream with minimal landlord responsibilities, supported by a robust tenant and favorable market conditions. The property's location within a densely populated area with limited retail competition ensures continued strong performance. This is a rare opportunity to acquire a high-performing, well-located Dollar General store with significant long-term potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Johnson
- State
- Arkansas
- Longitude
- -93.4281
- Latitude
- 35.5144
