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Views: 60 DOM: 99 Updated: 08.07.24 Posted: 06.01.24 Status: Active

Summary

Price $2,249,400
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 05-25-2024
#Units 19,986
Price/SF $177.57
Expiration 05-31-2039
Tenant Type Dollar/Discount
NOI $143,964
R. Term 14.8
Ownership Fee Simple
Rent/SF $11.36
Increases 5.0%/5/yrs
Pop 5Mi 47,874
Lot/AC 0.00
Options 5/5yrs/5%
AHHI 5Mi $83,878

Lease Highlights

  • Brand-new 2024 construction
  • Brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Vimy Ridge Road, just south of Interstate 30. The site sits amongst not only Little Rock’s industrial and service corridor with companies such as Amazon, Cal Ark, Lumber One, Fed-Ex and Dillard’s Distribution centers, but the area is also home to the only Outlets of Arkansas and Bass Pro Shops. Furthermore, the property is surrounded by...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General Market
  • 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

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