16453 Vimy Ridge Rd - Storefront FOR SALE


Alexander, AR 72002
$2,214,860 USD
949-724-5552
16453 Vimy Ridge Rd, Alexander, AR for Sale
$2,214,860 USD
Storefront - FOR SALE
1/4
null | 6.5% Cap Rate

16453 Vimy Ridge Rd
Alexander, AR 72002


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

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.

FOR SALE DETAILS

PRICE

$2,214,860 USD

PRICE/SF

$175 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,809 SF

ZONING

-

APN/PARCEL ID

001-01487-001,001-01488-000

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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