For Sale
$1,847,644

2677 Ar-267Searcy, AR 72143

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640 square foot Dollar General PLUS store in Searcy, Arkansas. Built in 2024, this single-story building sits on a 2.21-acre lot at 2677 AR-267, 72143, serving a population of approximately 153,741 within a 5-mile radius. The property boasts a 6.75% cap rate and a substantial net operating income (NOI) of $124,716. The absolute NNN lease, with a corporate guarantee from Dollar General, provides zero management responsibilities for the investor. The initial 15-year lease commenced June 22, 2024, and includes five, 5-year renewal options, each with a favorable 5% rent increase. This translates to approximately 14.6 years remaining on the initial lease term, expiring June 30, 2039. The tenant, Dollar General, holds an investment-grade credit rating, ensuring financial stability and consistent income. This Dollar General PLUS location is a larger format store, indicating projected above-average sales volume. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity with significant long-term potential.

Highlights

  • Attractive lease terms with 5% rent increases every five years over the initial 15-year lease.
  • Brand new 2024 Dollar General PLUS store (approx. 10,640 SF).
  • Strong sales projections for this larger-format Dollar General location.
  • 14.5 years remaining on the initial 15-year lease with five, 5-year renewal options at 5% rent increases.
  • Absolute NNN lease; no landlord responsibilities.
  • Corporate guarantee from Dollar General Corporation.

Property Details for 2677 Ar-267

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
96,268 SF

Location Insight

City
Searcy
County
White
State
Arkansas
Latitude
35.1840333
Longitude
-91.8102118
2677 Ar-267, Searcy, Arkansas

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2677 Ar-267
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