1602 Main St - Freestanding FOR SALE


Des Arc, AR 72040
$1,263,000 USD
202-847-4200
1602 Main St, Des Arc, AR for Sale
$1,263,000 USD
Freestanding - FOR SALE
1/5
null | 7.75% Cap Rate

1602 Main St
Des Arc, AR 72040


HIGHLIGHTS

  • Attractive Rent Increases
  • Minimal Landlord Responsibilities
  • Investment Grade Credit
  • Strategic Retail Location
  • Dominant Market-Share Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar | Dollar Tree investment property located at 1602 Main Street in Murfreesboro, Arkansas (the “Property”). Family Dollar | Dollar Tree has 6+ years remaining on their lease with six (6), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. Family Dollar | Dollar Tree enjoys excellent frontage and visibility, sitting at the intersection of Main Street and Whipporwill Road, with access points on both roads and prominent signage at the intersection. The Property is in a unique position, benefiting from its location on Main Street, which serves as home to the town’s retailers and municipal offices, as well as from its proximity to the nearest state highways (AR-38 and AR-11). Des Arc is centrally located in Arkansas, 60 miles east of the state capital, Little Rock, and 80 miles west of Memphis, Tennessee.

FOR SALE DETAILS

PRICE

$1,263,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

-

APN/PARCEL ID

705-00831-000

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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