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, triple-net (NNN) leased convenience store, grocery store, and pharmacy located at 570 Vine St, Newark, AR 72562. The property, built in 1999 and encompassing 8,000 square feet on a 0.78-acre lot, is 100% occupied by a Dollar General, Dollar Tree, and Family Dollar store under a corporate-guaranteed lease with a remaining term of 5.5 years, expiring May 31, 2030. The lease commenced November 17, 1999, and includes two remaining options with an 8.35% rent bump. The property boasts a strong NOI of $33,040, generating an 8.00% cap rate on an asking price of $412,988. The tenant, Dollar General, holds an investment-grade credit rating (BBB, S&P) and enjoys a significant market presence. The location benefits from an average household income of $56,616 within a 2-mile radius and limited competition, making it an ideal location for this type of retail operation. This property offers a compelling combination of a strong tenant, long-term lease, and attractive financial metrics, representing a stable and potentially lucrative investment. The property's long operating history since 1999 further underscores its stability and potential for continued success.

Location Insight

City

Newark

County

Independence

State

Arkansas

Latitude

35.7026

Longitude

-91.4481

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