507 Lindsey StHoxie, AR 72433

Property Details for 507 Lindsey St

Construction

FRAME

Lot size

0.46 AC

Property size (Sq ft)

7,500 SF

Property type

Outlet malls

APN

740-01430-000-C

APU

74001430000C

Description

This exceptional investment opportunity presents a 7,500 square foot Dollar General store located at 507 SE Lindsey St, Hoxie, AR 72433. The property sits on a 0.46-acre lot and boasts a strong 8.50% cap rate, generating a net operating income (NOI) of $36,225. The asking price is $426,175, translating to a price per square foot of $56.82. The property is currently 100% occupied under a triple-net (NNN) lease with a credit-rated corporate guarantor. The lease commenced on May 1, 1996, and has a remaining term of approximately 3.4 years, expiring April 30, 2028. Two 5-year lease options exist, with a 10% rent increase in each option period. The tenant is responsible for all property taxes, insurance, and common area maintenance (CAM), with current CAM payments at $300 per month, not included in the NOI. Built in 1996, the property recently underwent improvements including a completely resurfaced parking lot and new concrete loading area. This represents a compelling opportunity to acquire a well-located, stable, and income-producing retail asset with a strong tenant history and significant remaining lease term. The low price per square foot and high cap rate make this an attractive investment for those seeking strong returns in the Arkansas market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,520,081

  6.5%

  $2,326,228

  7%

  $2,160,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,473,444

  Geo Method

  $1,473,444

• Alternative Use

  Use

  Valuation

  Residential

  $1,962,261

  Hospitality

  $1,797,420

  Educational

  $1,495,432

  Medical

  $1,546,863

  Retail

  $2,326,228

Location Insight

City

Hoxie

County

Lawrence

State

Arkansas

Latitude

36.0493

Longitude

-90.9693

Property Tax & Assessments

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