899 Park Ave, Hot Springs, AR 71901-3004

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar convenience store located at 899 Park Ave, Hot Springs, AR 71901. The 11,830 square foot building, constructed in 1960 and situated on a highly visible lot on Park Avenue, boasts 100% occupancy with a strong, established tenant. Family Dollar has occupied the property since August 7, 2003, and the current lease has four years remaining, with two additional five-year lease options featuring rent bumps at each renewal. The property generates a substantial net operating income (NOI) of $63,985, resulting in an attractive 6.75% cap rate. The asking price is $947,933, making this a compelling proposition for investors seeking a stable, high-yield retail asset. The property benefits from a recent roof replacement and is situated in a densely populated area with a five-mile population of 36,006 and a five-mile household income of $57,992. This presents a rare opportunity to acquire a well-established, income-producing retail property in a desirable location. The property is offered as a 1031 exchange opportunity. This is a gross lease.