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Views: 164 DOM: 54 Updated: 07.09.24 Posted: 06.19.24 Status: Sold 08.12.24

Summary

Price $915,000 $938,000
Built/Renov 2013
Tenant Dollar General
Cap Rate 8.20% 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 $101.37 $103.92
Expiration 07-31-2028
Tenant Type Dollar/Discount
NOI $75,011
R. Term 3.6
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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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 332 5,347 10,283
2024 Total Population : 327 5,370 10,343
2024 Employed Civilian Pop : 114 2,224 4,067
2024 Total Businesses : 20 380 676
2024 Average Household Income : $ 89,169 $ 64,601 $ 76,365
2024 Total Consumer Spending : $ 10 M $ 140 M $ 317 M
2024 Median Age : 57 45 48
2024 Total Households : 131 2,410 4,592
2024 Pop Age 25+: Bachelor's Degree : 47 359 890
2024 Average Home Value : $ 375,227 $ 232,980 $ 250,294
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Heber Springs Road Rocky Water Ln 2021 5,300 0.13 mi
Heber Springs Road Tooth Fairy Ln 2021 5,300 0.13 mi
Little Rock Road Short Rd 2021 5,300 0.20 mi
Heber Spring Road Moss Ln 2021 10,000 0.43 mi
Heber Spring Road Woodlawn Dr 2021 10,000 0.43 mi
Heber Springs Rd S Bridal Veil Est 2002 8,700 1.22 mi
Pangburn Road Heber Springs Rd S 2021 2,300 1.27 mi
Heber Springs Road Rocky Water Ln 2021 4,700 1.36 mi
Oak Street S 6th St 2021 610 1.89 mi
South 7th Street South St 2021 8,200 2.06 mi

Listing Broker

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