Listed by Matthews
$1,155,555
Dollar General - New Lease Extension
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,854
Net Rentable (SqFt) 9,854
Units 1
Cap Rate 6.75%
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Expiration 01/31/2036
Remaining Term 9.7
Rent Bumps Yes
Price per SqFt $117
Broker Co-Op Yes
Class B
Buildings 1
Stories 1
Acreage 0.950
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Top-Ranked Dollar General NN Lease – 9.8 Years Remaining, Investment-Grade Tenant
Marketing description
Dollar General for sale in Mabelvale, AR. NN lease with ±9.8 years remaining, five 5-year options, and scheduled rent increases. Investment-grade (BBB) corporate guarantee. $78,000 NOI, 6.75% cap rate, $1,155,555 price. Top-ranked location per Placer.ai in a strong Little Rock trade area.
Investment highlights
- Proven Location with Recent Lease Extension – Dollar General has operated at this location since 2009 and recently extended its lease, reflecting the store’s continued performance and importance within the local trade area. The lease currently has just under10 years remaining, with five (5) additional five-year renewal options, each with scheduled rental increases.
- Investment-Grade Corporate Tenant – Dollar General (NYSE: DG) is an investment-grade rated tenant (BBB, S&P)operating more than 21,000 stores nationwide with ongoing expansion plans. The company generates approximately $40.61 billion in annual revenue and has demonstrated consistent performance through multiple economic cycles, including the COVID-19 pandemic. Dollar General recorded same-store sales growth for 31 consecutive years through 2020 and resumed positive comparable sales growth again from 2022 through Q3 2024.
- Top Placer.ai Ranking – Placer.ai analytics indicate this location performs well in terms of customer traffic and visitation patterns relative to comparable stores. Additional analytics and supporting data are available from the broker upon request.
- Established Little Rock Trade Area – The property is located just south of downtown Little Rock, Arkansas, within a well-established trade area that serves approximately ±75,238residents within a five-mile radius, providing a consistent customer base.
- Passive Investment Opportunity – The lease structure requires limited landlord responsibilities, providing investors with a more passive investment and predictable income.
- Accessible Investment – The property’s lower rent structure results in a more attainable purchase price compared to many net-leased assets, making it suitable for private investors or a smaller 1031 exchange requirement.
Listing Contacts
Listed by Matthews
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