570 Vine St Newark, AR 72562
- Drug stores
- 8,000 SF
- 0.78 lot acres
Current Use by Public Records
- Dollar General / General Store / Party Store
- Redbox / Movie Rental Kiosk / Dvd Store
- FedEx OnSite / Mailing Service
- Western Union / Money Transfer Service
Property Details for 570 Vine St
- Year built
- 1999
- Lot size
- 0.78 lot acres
- Property size
- 8,000 SF
- Property type
- Drug stores
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a single-tenant, net-leased Dollar General store in Newark, Arkansas. The property boasts a strong 25-year operating history, with a recently extended lease providing 5.5 years of remaining term plus two 8.35% rent bump options. Located on a 0.78-acre lot at 570 Vine St, the 8,000 square foot building was constructed in 1999. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $33,040 and a compelling 7.75% cap rate. The tenant, Dollar General, is a credit-rated, corporate-guaranteed entity with a significant market presence and proven resilience. The property benefits from a favorable location approximately 15 miles east of Batesville, within a trade area exhibiting an average household income of $56,616, and limited direct competition. This presents a rare chance to acquire a stable, high-performing retail asset with a long-term lease and significant upside potential. The asking price is $426,323. The property is classified as a convenience store, grocery store, and pharmacy/drug store.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Independence
- State
- Arkansas
- Longitude
- -91.448092519588
- Latitude
- 35.702573407535
