7720 US Hwy 62 - Freestanding FOR SALE


Pollard, AR 72456
$1,471,767 USD
248-419-3808
7720 US Hwy 62, Pollard, AR for Sale
$1,471,767 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

7720 US Hwy 62
Pollard, AR 72456


HIGHLIGHTS

  • Absolute NNN | Zero Landlord Responsibilities
  • Dollar General "PLUS" | 10,640 SF Footprint
  • 15-Year Term | 15 Years Remaining
  • 5 (5 Year) Options | 10% Rental Increase At Each Option
  • Three Mile Household Income | $63,257
  • DG Reported 31 Consecutive Quarters of Same-Store Sales Growth

OVERVIEW

Fortis Net Lease is pleased to present this 10,566 SF Dollar General PLUS store located in Pollard Arkansas. The property is encumbered with a 15-Year NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5) Year Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB” and is classified as Investment Grade. The store is scheduled to open with rent commencing in November 2022. This Dollar General is highly visible as it is strategically positioned at the intersection of Hwy 36 35 N and Southwest Dr which sees 2,000 vehicles passing the site each day. The five-mile population from the site is 1,948 between 824 households. Meanwhile, the three-mile average household income is $63,257 per year, making this location optimal for a Dollar General. This location receives very little competition with no other dollar store or national retailer in town. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee of simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation's top dollar store.

FOR SALE DETAILS

PRICE

$1,471,767 USD

PRICE/SF

$139 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

061-01712-000

ASK ABOUT THIS PROPERTY

Patrick HammondFortis Net LeaseMore Info
248-419-3808

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Patrick HammondFortis Net LeaseMore Info
248-419-3808

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