1307 Lincoln Ave Star City, AR 71667

This exceptional investment opportunity presents a 32,565 square foot multi-tenant shopping center in Star City, Arkansas, anchored by a Dollar General and a Piggly Wiggly. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $125,800. Both tenants operate under net leases with corporate guarantees, minimizing landlord responsibilities. Dollar General, with an investment-grade "BBB" credit rating, occupies 17,565 square feet and has eight years remaining on a ten-year lease with four five-year renewal options. Piggly Wiggly, a top-performing location in Arkansas, occupies the remaining space and has three years remaining on its lease with one five-year renewal option. The property, built in 1988 and renovated in 2021, sits on a 3.23-acre lot at a high-traffic intersection (6,424 vehicles per day) and benefits from a strong demographic profile, including a five-mile population of 4,185 and a three-mile average household income of $66,072. This offering is ideal for 1031 exchange buyers or passive investors seeking a stable, high-return investment with minimal management requirements. The property's location near other retail establishments such as O'Reilly Auto Parts, Family Dollar, Subway, McDonald's, Sonic, Citgo, and Valero further enhances its appeal and potential for continued success. The asking price is $1,572,500, representing a price per square foot of $48.29.