1406 Dr Martin Luther King Jr Dr - Freestanding FOR SALE


Crossett, AR 71635
$1,217,542 USD
954-703-3602
1406 Dr Martin Luther King Jr Dr, Crossett, AR for Sale
$1,217,542 USD
Freestanding - FOR SALE
1/7
null | 7.2% Cap Rate

1406 Dr Martin Luther King Jr Dr
Crossett, AR 71635


HIGHLIGHTS

  • Over 11 Years Remaining | Options to Extend | Established Brand | Placer AI
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along Dr. Martin Luther King Jr. Dr (7,200 VPD) | Nearby Tenant Presence | Crossett High School | Excellent Visibility
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• The tenant currently has over 11 years remaining with 5 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation • As of May 3, 2024, the Company’s 20,149 Dollar General, DG Market, DGX and pOpshelf stores across the United States • The site is ranked in the 48th percentile of all Dollar Generals in the United States

FOR SALE DETAILS

PRICE

$1,217,542 USD

PRICE/SF

$135 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | 11+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.96 AC

LAND SF

128,938 SF

ZONING

CM

APN/PARCEL ID

706-02661-002

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.