5431 Southwest DrJonesboro, AR 72404

Property Details for 5431 Southwest Dr

Year built

2011

Lot size

1.61 AC

Property size (Sq ft)

9,014 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a freestanding, 9,014 square foot retail building situated on a 1.61-acre lot in Jonesboro, Arkansas (72404). The property is currently 100% occupied by a Dollar General store under an absolute NNN lease, eliminating all landlord responsibilities. The lease commenced November 1, 2011, and expires October 31, 2031, with six, five-year renewal options remaining, each including a 10% rent increase. The current annual net operating income (NOI) is $76,920, resulting in a compelling 7.15% cap rate. Built in 2011, this property benefits from a strong tenant with an investment-grade credit rating and a significant market presence. The location boasts excellent visibility and accessibility, situated within a densely populated area. Within a 5-mile radius, the population exceeds 44,111 residents, and within 10 miles, it surpasses 93,071. Nearby national retailers include Walmart, Wendy's, Home Depot, Kroger, Sam's Club, and many more, indicating a thriving commercial environment. Dollar General's robust financial performance, including a market cap of approximately $30 billion, further underscores the investment's stability and potential for long-term growth. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant remaining lease term. The asking price is $1,075,804.

Location Insight

City

Jonesboro

County

Craighead

State

Arkansas

Latitude

35.7781

Longitude

-90.7484

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