Dollar General Market

12,668 SF | 100% Leased | 4-Star Retail Building | Alexander, AR 72002 | $2,303,424 ($182/SF) | 6.25% Cap Rate

Asking Price $2,303,424

Property Type: Retail
Square Feet: 12,668 SF
Price / Square Foot: $182

Listing Contacts

Jereme Snyder

Verified Profile

Eric Carlton

Verified Profile

Property Info

Property Overview

We are pleased to present an opportunity to purchase an investment grade single tenant net leased asset occupied by Dollar General (NASDAQ: DG) located at 16453 Vimy Ridge Road in Alexander, Arkansas. This investment is a Dollar General Market which sells produce and fresh meats, and are a necessary addition to the immediate neighborhoods they serve. Dollar General Markets have a selection of fresh items like produce, meat, dairy products, and perishable foods. The lease is brand new with a 15 year term commencing May of 2024 and is equipped with 5, 5-year options and the newest lease structure of 5.0% rental escalations every five (5) years.

Property Details

Class: B
Year Built: 2024
Stories: 1

Highlights

Brand New 15-Year Lease Starting May 2024, with 5, 5-Year Renewal Options
Lease Structure Includes 5.0% Rental Escalations Every Five Years
Investment grade Credit Tenant (Rated “BBB” by Standard & Poor) with no Landlord Responsibilities
Investment opportunity featuring Dollar General Markets in Arkansas

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