Current Use by Public Records
- Specialty properties
Property Details for 123 Bevill Ave
- Year built
- 2024
- Lot size
- 1.97 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market in Gosnell, Arkansas. The property boasts a 14.6-year remaining lease term (expiring June 29, 2039) with a strong corporate guarantee and a built-in 5% rent increase every five years throughout the primary term and options. Located at 123 Bevill Ave, Gosnell, AR 72315, this single-tenant, fee-simple property sits on a 1.97-acre lot and benefits from an absolute NNN lease structure, eliminating landlord responsibilities. The property's strategic location across from Gosnell Elementary and High Schools ensures high visibility and consistent traffic. With a current NOI of $129,780 and a 7.00% cap rate, this investment offers a compelling return on investment. The building was constructed in 2024 and enjoys 100% occupancy. The asking price is $1,854,000, translating to $148.56 per square foot. This relocation store benefits from an established customer base, having been moved from a high-performing location nearby. The strong demographics, with over 15,000 residents within a five-mile radius, further solidify this investment's potential. This is a rare opportunity to acquire a high-performing, low-maintenance retail property with a long-term lease and significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gosnell
- County
- Mississippi
- State
- Arkansas
- Longitude
- -89.968
- Latitude
- 35.9594
