819 Ctr St Lonoke, AR 72086-2549
Property profile & analytics
819 Ctr St Lonoke, AR 72086-2549
- Outlet malls
- 9,000 SF
- 0.48 lot acres
Property ID
US05-0147231
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Outlet malls
Property Details for 819 Ctr St
- Year built
- 2010
- Lot size
- 0.48 lot acres
- Property size
- 9,000 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 780-16103-000
- APU
- 78016103000
Description
This exceptional investment opportunity presents a single-tenant, net-leased convenience store and storefront property in Lonoke, Arkansas. The property, located at 819 N Center St, Lonoke, AR 72086, is a 9,014 square foot building currently occupied by Dollar General, a publicly traded company with a Standard & Poor's rating of BBB. The lease commenced August 11, 2009, and has a remaining term of approximately 5.2 years, with four 5-year renewal options at 10% rental escalations each. The current lease expiration is January 31, 2030. The property boasts a 7.50% cap rate and a net operating income (NOI) of $81,096, with an asking price of $1,081,280 ($119.96 per square foot). Dollar General, a recognized industry leader, has a market capitalization of $27 billion and total revenue of $37 billion, operating over 19,000 locations and employing more than 170,000 people. This investment offers a strong, stable income stream with minimal landlord responsibilities, making it an attractive option for investors seeking a secure, high-performing asset in a well-established location. The property's strategic position in Lonoke ensures consistent customer traffic and proven sales. The tenant's financial strength and long-term commitment to the location further enhance the investment's appeal. This is a turnkey investment opportunity with a proven track record of success.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,490,000
- 6.5%
- $1,380,000
- 7%
- $1,280,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,242,000
- AI Estimate
- $1,292,000
Market price range: $316k - $1.24MMarket price range: $316k - $1.29M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $855,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lonoke
- County
- Lonoke
- State
- Arkansas
- Longitude
- -91.8995
- Latitude
- 34.7907
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,818
$11,620
$90,360
$101,980
-
$58,100
$451,800
$509,900
