Dollar General Plus
10,566 SF | Retail Building | Hartman, AR 72840 | $2,075,000 ($196/SF) | 6.50% Cap Rate
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $2,075,000
- Property Type
-
Retail
- Square Feet
- 10,566 SF
- Price / Square Foot
- $196
Listing Contacts
Chad Byerly
Verified Profile
- Property Info
Property Overview
Northmarq is pleased to offer to qualified investors a single-tenant retail property, 100% leased to Dollar General, located in the city of Hartman, AR (the “Property”). The Property consists of a ± 10,566 SF building on ± 2.45 acres of land. This Dollar General is operating under a brand-new fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options with 5% rental increases during the lease term and in each of the options.
The Property is strategically positioned right off Interstate 40 on Arkansas Highway 164 and is a great location for travelers to stop for any grocery and other miscellaneous needs.
Dollar General is a U.S. chain of variety stores with over 20,022 Dollar General, DG Market, DGX and pOpshelf stores across the U.S. and has thrived during the economic recovery of the last several years with their Revenues, Gross Profit and Net Income growing over 16% since January 2015.
The Property is strategically positioned right off Interstate 40 on Arkansas Highway 164 and is a great location for travelers to stop for any grocery and other miscellaneous needs.
Dollar General is a U.S. chain of variety stores with over 20,022 Dollar General, DG Market, DGX and pOpshelf stores across the U.S. and has thrived during the economic recovery of the last several years with their Revenues, Gross Profit and Net Income growing over 16% since January 2015.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store
- Lot Size (sq. ft)
- 106,722 SF
Highlights
- Absolute NNN - Zero Landlord Obligations
- New Lease With Increases in Lease Term & Option Periods
- Investment Grade Tenant
- Brand-New, Build-To-Suit Construction
- Good Demographics for a Dollar General
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