For Sale
$1,088,111

5291 Ar-24 Chidester, AR 71726

High-yield Arkansas retail property.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 9,002-square-foot Dollar General store located at 5291 AR-24, Chidester, AR 71726, in Ouachita County. Built in 2021, the property boasts a strong 7.15% cap rate and a substantial net operating income (NOI) of $77,799. The absolute NNN lease with a corporate guarantee from Dollar General, a tenant with a BBB credit rating, ensures minimal landlord responsibilities. With over 11.4 years remaining on the lease term, plus five 5-year renewal options, this investment offers significant long-term stability. The property benefits from its location on AR-24, a road with 1,300 vehicles per day, and enjoys a strategic position approximately 60 miles east of Texarkana and 55 miles south of Hot Springs. The absence of competing corporate tenants in the immediate area further enhances its value proposition. Dollar General's proven resilience, including their award-winning response to the COVID-19 pandemic, underscores its status as a recession-resistant tenant. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a secure, long-term lease. The asking price is $1,088,111.

Highlights

  • Absolute NNN lease; zero landlord responsibilities.
  • Located 60 miles east of Texarkana and 55 miles south of Hot Springs.
  • Investment-grade tenant (Dollar General) with a BBB credit rating.
  • Over 11.5 years remaining on the lease term.
  • No corporate competition in the immediate area.
  • High-traffic location on AR-24 (1,300 vehicles per day).

Property Details for 5291 Ar-24

Property type
Retail properties, Retail space
Square Feet
9,002 SF
Year Built
2021

Location Insight

City
Chidester
County
Ouachita
State
Arkansas
Latitude
33.7031663
Longitude
-93.0242857

FAQs

What type of property is this?
Retail property - High-yield Arkansas retail property.
Where is the retail property located?
The property is located at 5291 Ar-24 Chidester, AR.
What is the asking price?
The asking price for this property is $1,088,111.
What are key features of this property?
This property features: Absolute NNN lease; zero landlord responsibilities.; Located 60 miles east of Texarkana and 55 miles south of Hot Springs.; Investment-grade tenant (Dollar General) with a BBB credit rating.
How can I contact the broker?
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5291 Ar-24
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