16453 Vimy Ridge RdAlexander, AR 72002

Property Details for 16453 Vimy Ridge Rd

Property size (Sq ft)

12,668 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity features a 12,668 square foot Dollar General Market in Alexander, Arkansas, situated at 16453 Vimy Ridge Rd, zip code 72002. The property boasts a brand new 15-year absolute NNN lease commencing May 25, 2024, and expiring May 31, 2039, with five 5-year renewal options. The lease includes a favorable 5.0% rental escalation every five years, ensuring consistent income growth. The property's current Net Operating Income (NOI) is $143,964, yielding a 6.40% cap rate. The asking price is $2,249,400, translating to a price per square foot of $177.57. This single-tenant property benefits from Dollar General's investment-grade credit rating (BBB by Standard & Poor's), minimizing landlord responsibilities. The tenant, a Dollar General Market, offers expanded product offerings including fresh produce, meats, and dairy, catering to the needs of the surrounding community. This is a turnkey investment with exceptional long-term growth potential and a strong, creditworthy tenant. The property is 100% occupied. This is a rare opportunity to acquire a high-quality, net-leased retail asset with a long-term lease and built-in rent increases. The property is located in Saline County, Arkansas.

Location Insight

City

Alexander

County

Saline

State

Arkansas

Latitude

34.6029

Longitude

-92.4149

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