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Views: 123 DOM: 203 Updated: 10.29.24 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 14.5
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
  • 5% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | 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

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 : 969 16,130 52,072
2024 Total Population : 905 14,809 49,650
2024 Employed Civilian Pop : 435 7,569 25,012
2024 Total Businesses : 12 184 1,246
2024 Average Household Income : $ 104,280 $ 84,657 $ 85,921
2024 Total Consumer Spending : $ 34 M $ 424 M $ 1449 M
2024 Median Age : 37 37 37
2024 Total Households : 366 5,637 19,033
2024 Pop Age 25+: Bachelor's Degree : 50 1,610 6,001
2024 Average Home Value : $ 213,527 $ 208,555 $ 218,817
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
VIMYRIDGERD Vandalsem Ln 2021 2,400 0.04 mi
VIMYRIDGERD McKnight Ln 2020 2,000 0.04 mi
Germania Road Mulligan Dr 2021 1,700 0.53 mi
N Sardis Rd Joe Dr 2005 2,459 1.09 mi
Germania Lorraine Dr 2005 1,288 1.24 mi
North Sardis Road Ranson Dr 2021 3,500 1.26 mi
Sardis Road Branch Dell Dr 2021 4,100 1.50 mi
Vimy Ridge Rd Sioux TrlDr 2013 252 1.65 mi
Vimy Ridge Rd County Line Rd 2017 10,000 1.76 mi
S Alexander Rd Silver Leaf Dr 2005 1,364 1.77 mi

Listing Broker

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