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14072135
14072136

101 E Johnson Ave, Jonesboro, AR 72401

GM
AR AR EB00072456
Legacy Realty Group
Listed by Legacy Realty Group
$786,206
901 days on market
Updated 29 days ago
Opportunity zone

NN Dollar General in Jonesboro, AR

Details
APN 01-144182-06500
Property Type Retail
Sub Type Storefront
Square Footage 8,000
Cap Rate 7.25%
NOI $57,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Term 10
Lease Expiration 03/31/2030
Remaining Term 3.8
Rent Bumps Yes
Lease Options Two (2)- Five (5) Year Options
Price per SqFt $98
Acreage 0.850
Zoning I-1
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/01/2020
Occupancy Date 04/01/2020
Ownership Fee Simple

NN Investment under $1M

Marketing description

ESTABLISHED NN DOLLAR GENERAL- Jonesboro, AR 72401

Don't miss out on this incredible investment opportunity at 101 East Johnson, Jonesboro, AR! This well-established Dollar General store is now available for purchase.

Located in the heart of Jonesboro, this property boasts a prime location with high visibility and significant traffic flow. The Dollar General brand is a nationally recognized name, providing a strong anchor tenant for any investor.

The property features a spacious retail space, ample parking, and is situated in a well populated residential and commercial area that is within walking distance to Arkansas State University. ASU has an enrollment of over 14,000 students. With a steady stream of customers and a proven track record, this Dollar General is sure to generate a stable income stream for its new owner.

Investors will appreciate the stability and reliability offered by this established Dollar General location. Take advantage of this opportunity to acquire a trusted retail property in one of Jonesboro, AR.

Investment highlights

  • This NN Dollar General investment is strategically located in downtown Jonesboro. This store has access to over 40,000 people in a three mile radius.

  • Jonesboro, AR has a total population of 81,969

  • Arkansas State University is the second-largest university in the state with over 14,000 students.

  • Jonesboro consistency ranks as one of the most cost effective places to live in the country.

  • Jonesboro is a regional healthcare destination with two major medical healthcare campuses that offer the latest in medical technology. (NEA Baptist Healthcare & St Bernard’s Regional)

Listing Contacts

GM
AR AR EB00072456
Legacy Realty Group
Listed by Legacy Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,000.00
$4,750.00/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Garrett McPherson
License
AR EB00072456
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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