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31557016
31557037

901 S Blake St, Pine Bluff, AR 71603

SL
TX 790608
Matthews
JB
TX 688810
Matthews
Listed by Matthews
$958,050
59 days on market
Updated 53 days ago

Dollar General | ABS NNN | 45,182 Residents

Details
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 9,100
Cap Rate 8.00%
NOI $76,644
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+1)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2030
Remaining Term 4.2
Rent Bumps Yes
Lease Options Five, 5-Year Options
Year Built 2015
Acreage 1.140
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/26/2015

Arkansas | 8% CAP | Dense Retail Corridor

Investment highlights

LEASE & LOCATION:

● 2015 build-to-suit construction for Dollar General

● Absolute NNN Lease - Zero Landlord Responsibilities

● Centrally located in a strong retail corridor of Pine Bluff

● 5 Mile population in excess of 45,182 residents

● Corporately guaranteed lease from Dollar General Corporation

● Average household income of $60,076, which is considered to be in income “sweet spot” for Dollar General

● Nearby national tenants include AutoZone, Days Inn, KFC, O’Reilly, Walgreens, Wendy’s, Sonic, and more

TENANT:

● Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future

● Dollar General boasts an investment-grade credit rating of BBB (S&P)

● Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic

● Dollar General has a Market Cap of over 25 Billion

Listing Contacts

SL
TX 790608
Matthews
JB
TX 688810
Matthews
Listed by Matthews

Valuation Calculator

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,644.00
$6,387.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Kyle Matthews
License
PB00084217 (AR)
Brokerage
MREIS AR Real Estate
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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