500 Front StWalnut Ridge, AR 72476

Property Details for 500 Front St

Year built

1980

Lot size

0.65 AC

Property size (Sq ft)

8,174 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This fee-simple retail property in Walnut Ridge, Arkansas, presents a compelling investment opportunity. The 8,174 square foot building, constructed in 1980 and situated on a 0.65-acre lot at 500 SW Front St (zip code 72476), is currently 100% occupied by a Dollar General, Dollar Tree, Family Dollar, and Dollar Store under a Net Lease (NN+) agreement with a credit-rated, corporate-guaranteed tenant. The lease, with a remaining term of 1.8 years, expires May 30, 2026, and includes three 5-year options with 10% rent bumps every five years. The property boasts a strong operating history, with the tenant successfully operating at this location since 1999. Recent improvements include a roof replacement (2016), exterior repainting (2023) to match Family Dollar's updated branding, and parking lot restripes (2024). The property generates a Net Operating Income (NOI) of $48,000, resulting in an attractive 9.32% cap rate. The location offers excellent visibility and access, situated on SW Front St, a major thoroughfare with approximately 9,892 vehicles per day. Walnut Ridge's strategic location, approximately 127 miles from Paragould and 124 miles from Jonesboro, further enhances the property's appeal. This investment offers a strong return in a competitive market, anchored by a well-established, financially sound tenant in a prime location.

Location Insight

City

Walnut Ridge

County

Lawrence

State

Arkansas

Latitude

36.0657

Longitude

-90.9603

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