14011 Sardis Rd, Shannon Hills, AR 72103
10,566 SF | Retail Building | Shannon Hills, AR 72103 | $2,027,000 ($192/SF) | 6.40% Cap Rate
For Sale
Active
Asking Price $2,027,000
- Property Type
-
Retail
- Square Feet
- 10,566 SF
- Price / Square Foot
- $192
Listing Contacts
Jereme Snyder
Mason Lewis
Eric Carlton
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 14011 Sardis Rd in Shannon Hills, 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 wide range of products including: produce, meats, dairy products, and perishable foods. The lease is brand new with a 15-year term commencing June 22, 2024 and is equipped with 5, 5-year options and the newest lease structure of 5.0% rental escalations every five (5) years. The subject property is well positioned along Sardis Rd just East of the most active retail area within this market and just South of I-30. This convenient position allows all local residents easy access to the subject property. This is an excellent opportunity to purchase an investment grade credit tenant (rated “BBB” by Standard and Poor) with zero landlord responsibilities.
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 58,806 SF
Highlights
- Single Tenant NNN Lease
- Brand New 15 Year Term
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