Dollar General

44 Heber Springs Road West, Heber Springs, AR 72543

$938,000

Cap Rate 8.00%

Views: 116 DOM: 81 Updated: 07.09.24 Posted: 06.19.24 Status: Active

Summary

Price $938,000	Built/Renov 2013	Tenant Dollar General
Cap Rate 8.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,026	Lease Start 08-01-2013	#Units 19,986
Price/SF $103.92	Expiration 07-31-2028	Tenant Type Dollar/Discount
NOI $75,011	R. Term 3.10	Ownership Fee Simple
Rent/SF $8.31	Increases 10.0%/5/yrs	Pop 5Mi 10,462
Lot/AC 1.30	Options 5/5yrs/10%	AHHI 5Mi $71,126

Lease Highlights

Dollar General has 4 years remaining on the current lease term with 5 (5-year) options to extend
The lease features 10% renal escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the hard corner intersection of Heber Springs Rd & State Hwy 5, with access to a combined daily traffic count of 15,300 vehicles. The property offers excellent visibility with street frontage and a large pylon sign. Additionally, it benefits from extremely limited nearby competition in the area. The 5-mile trade area is supported by a population of...

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Key Features

Build to suit
In location for years
Near major nationals
Highway close
Absolute NNN
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Heber Springs, Arkansas Zip Code 72543 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corp.
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...

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Listing Broker

Patrick Nutt

SRS National Net Lease Group

Contact

247 Listings
19871 Views
83 Sold

William Wamble

SRS National Net Lease Group

Contact

171 Listings
14852 Views
40 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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