103 Millenium Park DrBismarck, AR 71929

Property Details for 103 Millenium Park Dr

Lot size

0.69 AC

Property size (Sq ft)

8,125 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a freestanding Dollar General store located at 103 Millennium Park Dr, Bismarck, AR 71929. The 8,125 square foot building sits on a 0.69-acre lot and is currently leased to a credit-rated Dollar General under a Net-Net lease agreement. The lease commenced May 1, 2021, and expires April 30, 2027, with two 5-year renewal options at increasing rental rates. The current monthly rent is $4,200, increasing to $4,600 and then $5,040 upon exercising the renewal options. The property boasts a strong 8.00% cap rate based on a current Net Operating Income (NOI) of $42,000. Significant renovations were completed in 2019, including the installation of two new HVAC systems. The property benefits from its location near Arkansas Highways 7 and 84, and the proximity to DeGray Lake Resort State Park adds to the area's appeal. This is a rare opportunity to acquire a well-maintained, high-performing retail property with a strong tenant and significant upside potential through lease extensions. The asking price is $525,000, representing a price per square foot of $64.62. The property's Class B designation reflects its solid condition and consistent performance.

Location Insight

City

Bismarck

County

Hot Spring

State

Arkansas

Latitude

34.3157

Longitude

-93.1691

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