Listed by Marcus & Millichap - Dallas, Berkshire Hathaway/C.Dan Joyner Commercial
$1,155,000
Family Dollar (1.40-Acre Site)
Details
Property Type Retail
Sub Type Dollar Store
Square Footage 10,904
Net Rentable (SqFt) 10,904
Units 1
Cap Rate 8.5%
NOI $98,175
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 10
Lease Expiration 05/30/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Six, 5-Year
Price per SqFt $106
Broker Co-Op Yes
Year Built 2021
Acreage 1.400
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/10/2020
Ground Lease No
Recent 2021 Construction on a Large 1.40-Acre Site
Marketing description
Offered for sale is a Family Dollar in Des Arc, Arkansas, a 2021-constructed, 10,904-SF freestanding store on a large 1.40-acre parcel along the city’s primary local corridor near Des Arc High School. The property benefits from steady residential and school-related traffic and strong visibility within the county seat, which sits between Little Rock and Memphis with direct connectivity provided by US-70 and US-64.
Investment highlights
- Double Net Lease with 4.9 Years Remaining
- Main Street Location With 2,798 VPD Near Des Arc High School (636 Students)
- Recent 2021 Construction on a Large 1.40-Acre Site
- Located 50 Miles East of Little Rock With Direct Regional Connectivity
- National Discount Retailer With 4,300+ Locations and Strong Concentration Across the Rural Southeast
Listing Contacts
Listed by Marcus & Millichap - Dallas, Berkshire Hathaway/C.Dan Joyner Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,175.00
$8,181.25/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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