570 Vine StNewark, AR 72562

Property Details for 570 Vine St

Year built

1999

Lot size

0.78 AC

Property size (Sq ft)

8,000 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a single-tenant, net-leased Dollar General store in Newark, Arkansas. The property boasts a strong 25-year operating history, with a recently extended lease providing 5.5 years of remaining term plus two 8.35% rent bump options. Located on a 0.78-acre lot at 570 Vine St, the 8,000 square foot building was constructed in 1999. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $33,040 and a compelling 7.75% cap rate. The tenant, Dollar General, is a credit-rated, corporate-guaranteed entity with a significant market presence and proven resilience. The property benefits from a favorable location approximately 15 miles east of Batesville, within a trade area exhibiting an average household income of $56,616, and limited direct competition. This presents a rare chance to acquire a stable, high-performing retail asset with a long-term lease and significant upside potential. The asking price is $426,323. The property is classified as a convenience store, grocery store, and pharmacy/drug store.

Location Insight

City

Newark

County

Independence

State

Arkansas

Latitude

35.7026

Longitude

-91.4481

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