819 Ctr St Lonoke, AR 72086-2549
- Outlet malls
- 9,000 SF
- 0.48 lot acres
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
- 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 Estimation
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CAP approach
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Comparable approach
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Alternative Use
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
