1943 US-425 - Retail FOR SALE


Monticello, AR 71655
$1,799,230 USD
973-632-1386
1943 US-425, Monticello, AR for Sale
$1,799,230 USD
Retail - FOR SALE
1/6
null | 6.75% Cap Rate

1943 US-425
Monticello, AR 71655


HIGHLIGHTS

  • Brand new 15-year absolute NNN lease with 5% rent increases every 5 years
  • Lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB)
  • Strategically fronting U.S. Hwy 425 averaging 15,000 VPD
  • Immediate trade area is supported by surrounding retailers such as Walmart Supercenter, Take 5, Taco Bell, McDonald’s, Wendy’s, and more
  • More than 10,000 residents and 6,000 employees support the trade area | $71,140 average household income in 1-mile trade area

OVERVIEW

• Dollar General just signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site • The lease features 5% increases every 5 years throughout the initial term and option periods • The newly-constructed building features a state-of-the-art design with high-quality materials • The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,000 locations in 47 states as of February 2024

FOR SALE DETAILS

PRICE

$1,799,230 USD

PRICE/SF

$169 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

36.96 AC

LAND SF

1,610,130 SF

ZONING

General Commercial

APN/PARCEL ID

001-04456-001

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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