Listed by The Boulder Group - Denver, The Boulder Group
$1,847,600
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Net Rentable (SqFt) 10,640
Cap Rate 6.75%
NOI $124,716
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2039
Remaining Term 13
Rent Bumps Yes
Lease Options Five 5-Year
Price per SqFt $174
Broker Co-Op Yes
Year Built 2024
Acreage 2.200
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/24/2024
Ground Lease No
Dollar General "Plus" I Affluent Area I Corner of 2 State Hwys I 2024 YOC | 80K Micro Area
Investment highlights
- Long-term lease with 13+ years remaining
- Located in Searcy, a micropolitan area with approximately 80,000 people
- Approximately 45 miles north of Little Rock, the capital of Arkansas
- Affluent surrounding area with average annual household income of $125,000 within three miles
- 5% rental increases every five years (next on 7/1/2029)
- New construction store that opened in Summer 2024
- Absolute triple net lease with no landlord responsibilities
- Large parcel consisting of 2.2 acres
- Over 10,000 people living within five miles
- Positioned at hard corner of two state highways (Highway 267 & Arkansas Highway 13)
- Dollar General is an investment grade rated company (S&P: BBB)
- Dollar General is a best-in-class operator that is an e-commerce resistant and recession-proof company
- Dollar General is planning to open 450+ stores in 2026 and continues to experience same-store sales growth
Listing Contacts
Listed by The Boulder Group - Denver, The Boulder Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$124,716.00
$10,393.00/mo
Valuation Metrics
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DSCR
6.75%
Cap Rate
6.75%
ROI
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