Current Use by Public Records
- Retail properties & Spaces
Property Details for 2677 Ar-267
- Year built
- 2024
- Lot size
- 2.21 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640 square foot Dollar General PLUS store in Searcy, Arkansas. Built in 2024, this single-story building sits on a 2.21-acre lot at 2677 AR-267, 72143, serving a population of approximately 153,741 within a 5-mile radius. The property boasts a 6.75% cap rate and a substantial net operating income (NOI) of $124,716. The absolute NNN lease, with a corporate guarantee from Dollar General, provides zero management responsibilities for the investor. The initial 15-year lease commenced June 22, 2024, and includes five, 5-year renewal options, each with a favorable 5% rent increase. This translates to approximately 14.6 years remaining on the initial lease term, expiring June 30, 2039. The tenant, Dollar General, holds an investment-grade credit rating, ensuring financial stability and consistent income. This Dollar General PLUS location is a larger format store, indicating projected above-average sales volume. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity with significant long-term 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
- Searcy
- County
- White
- State
- Arkansas
- Longitude
- -91.8102
- Latitude
- 35.184
