2677 Ar-267Searcy, AR 72143

Property Details for 2677 Ar-267

Year built

2024

Lot size

2.21 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640 square foot Dollar General PLUS store in Searcy, Arkansas. Built in 2024, this single-story building sits on a 2.21-acre lot at 2677 AR-267, 72143, serving a population of approximately 153,741 within a 5-mile radius. The property boasts a 6.75% cap rate and a substantial net operating income (NOI) of $124,716. The absolute NNN lease, with a corporate guarantee from Dollar General, provides zero management responsibilities for the investor. The initial 15-year lease commenced June 22, 2024, and includes five, 5-year renewal options, each with a favorable 5% rent increase. This translates to approximately 14.6 years remaining on the initial lease term, expiring June 30, 2039. The tenant, Dollar General, holds an investment-grade credit rating, ensuring financial stability and consistent income. This Dollar General PLUS location is a larger format store, indicating projected above-average sales volume. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity with significant long-term potential.

Location Insight

City

Searcy

County

White

State

Arkansas

Latitude

35.184

Longitude

-91.8102

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