For Sale
$412,988

570 Vine StNewark, AR 72562

High-Yield Dollar General Triple Net Lease

Overview

Added:
Feb 11
Days on market:
54
This exceptional investment opportunity presents a single-tenant, triple-net (NNN) leased convenience store, grocery store, and pharmacy located at 570 Vine St, Newark, AR 72562. The property, built in 1999, encompasses 8,000 square feet on a 0.78-acre lot. It's currently 100% occupied by a Dollar General, Dollar Tree, and Family Dollar, boasting a strong 25-year operating history at this location. The current lease, commenced November 17, 2011, extends until May 30, 2030, with two, five-year renewal options at an 8.35% rent bump. The tenant, Dollar General, holds an investment-grade credit rating (BBB, S&P) and provides a corporate guarantee, ensuring consistent income. The property generates a substantial net operating income (NOI) of $33,040, yielding an attractive 8.00% cap rate. The location benefits from an average household income of $56,616 within a two-mile radius and limited competition, making it an ideal location for this type of retail operation. This is a rare opportunity to acquire a well-established, high-performing retail property with a long-term lease and significant upside potential. The asking price is $412,988.

Highlights

  • $412,988 asking price for a net-leased retail property.
  • 8,000 square foot convenience store, grocery store, and pharmacy located in Newark, AR.
  • 100% occupancy with a credit-rated, corporate-guaranteed lease to Dollar General, Dollar Tree, and Family Dollar.
  • 5.3 years remaining on the lease with two, five-year options; 8.35% rent bumps in the options.
  • 8.00% cap rate with a $33,040 annual net operating income (NOI).
  • 0.78-acre lot, single building constructed in 1999.

Property Details for 570 Vine St

Property type
Retail properties, Drug stores
Square Feet
8,000 SF
Year Built
1999
Buildings
1
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Newark
County
Independence
State
Arkansas
Latitude
35.702573407535
Longitude
-91.448092519588
570 Vine St, Newark, Arkansas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
570 Vine St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message