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32290109
32290110

1307 N LINCOLN AVE, STAR CITY, AR 71667-4211

PH
MI 6501373051
Fortis Net Lease
Listed by Fortis Net Lease
$1,571,765
31 days on market
Updated 2 days ago

Dollar General & Piggly Wiggly

Details
APN 702-01105-002
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 33,309
Net Rentable (SqFt) 32,565
Units 1
Cap Rate 8.5%
NOI $133,600
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+1)
Lease Expiration 12/31/2031
Remaining Term 5.6
Year Built 1998
Year Renovated 2021
Stories 1
Lot Size (SqFt) 152,423
Zoning commercial
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No

Dollar General & Piggly Wiggly - Recent Lease Extension - Strong Placer

Marketing description

Investors are offered the opportunity to acquire a fully occupied, two-tenant retail shopping center anchored by Dollar General and a long-operating Piggly Wiggly grocery store in Star City, Arkansas. The property totals approximately 32,550 square feet and generates $156,000 in combined annual base rent from two established tenants with deep roots in the community. Dollar General, operated by Dolgencorp, LLC, brings investment-grade credit backed by one of the nation's most prolific discount retailers, while Food Giant Supermarkets — operating as Piggly Wiggly and backed by Houchens Food Group — has maintained continuous occupancy at this location since 2004, most recently executing a lease amendment in April 2026 confirming commitment through at least 2031 with options extending to 2046.

The asset offers a straightforward, low-management ownership profile with lease structures that limit landlord exposure on day-to-day operational costs. Both tenants are responsible for their respective interior maintenance, utilities, and operational expenses, while the leases impose defined, manageable landlord obligations at the structural and common area level. For investors seeking stable, long-duration income from a 100% occupied center with proven tenants in an essential retail corridor, this offering presents a compelling combination of credit quality, occupancy history, and remaining lease term.

Investment highlights

  • 100% Occupied — Dollar General and Piggly Wiggly occupy the entire 32,550 SF center with zero vacancy at acquisition
  • Investment-Grade Anchor — Dollar General (Dolgencorp, LLC) is S&P BBB-rated with 20,000+ locations nationwide
  • 20+ Years of Grocery Tenancy — Piggly Wiggly has operated continuously at this location since 2004, demonstrating proven community demand
  • Long-Term Lease Commitment — Food Giant holds options through 2046; Dollar General carries four additional 5-year options with rent growth at each exercise
  • Limited Landlord Expense Exposure — Both tenants are responsible for interior maintenance, HVAC, and utilities; landlord obligations are largely structural
  • Recession-Resistant Tenancy — Dollar stores and grocery are among the most durable retail categories across all economic cycles
  • Embedded Rent Growth — Dollar General rent escalates from $72,000 annually today to over $105,000 at full option exercise

Listing Contacts

PH
MI 6501373051
Fortis Net Lease
Listed by Fortis Net Lease

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$133,600.00
$11,133.33/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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