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32447562
32447565

601 Parkview Street, Van Buren, AR 72956 For Sale

DP
OH SAL.2012000748
Marcus & Millichap | The Patel Yozwiak Group
DM
OH SAL.2025002556
DY
OH SAL.2008003600
Marcus & Millichap | The Patel Yozwiak Group
Listed by Marcus & Millichap | The Patel Yozwiak Group
$1,385,000
75 days on market
Updated 75 days ago

Dollar General Plus | NNN Lease | 2022 Construction

Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 10,542
Cap Rate 6.75%
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 10/31/2037
Remaining Term 11.3
Rent Bumps Yes
Lease Options Five, 5-Year Options Remaining
Year Built 2022
Acreage 1.640
Parking Spaces 37 spaces
Parking per 1,000 SqFt 3.51
Tenant Credit Corporate Guarantee
Lease Commencement 10/11/2022
Ground Lease No

2022 construction with 11.5 years remaining on the original NNN lease . No landlord responsibilities

Investment highlights

SINGLE TENANT DOLLAR GENERAL PLUS LOCATION: 10,542-SF on a 1.64 acre lot with 37 parking spaces. DG Plus stores offer an expanded store footprint with an emphasis on fresh groceries with more refrigerated and frozen items compared to standard DG formats.

15 YEAR NNN LEASE: 2022 construction with 11.5 years remaining on the original NNN lease. No landlord responsibilities

RENTAL INCREASES IN EACH OPTION: 10% rental increases in each of five, 5-year renewal options.

CORPORATE GUARANTEE: Lease is corporately guaranteed by Dollar General with over 20,800 stores across 48 states and Mexico. Dollar General saw 2025 revenue of over $42 billion.

FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.

HIGH VISIBILITY LOCATION: Located on a corner with lighted pylon sign and large truck parking rear delivery zone.

HIGH TRAFFIC CORRIDOR: Just off of Fayetteville Road seeing 15,000 vehicles per day (VPD), one mile off of Interstate 40 exit, seeing 23,000 VPD. Near the I-40/I-540 interchange with a combined 59,000 VPD.

PROXIMITY TO DENSE RETAIL HUB: Located near multiple national retail tenants such as Walmart, Lowe’s, Casey’s, Whataburger, Wendy’s, Chick Fil A, 7Brew, Chili’s, Starbucks, Aldi, Tractor Supply, CVS, Walgreens, and much more.

1 MILE FROM DOWNTOWN VAN BUREN: Van Buren is apart of the Fort Smith Arkansas/Oklahoma MSA, home to the University of Arkansas Fort Smith campus with 6,000 students. Fort Smith is the 3rd largest city in Arkansas. Van Buren is 2 hours from Little Rock and Tulsa, OK.

STABLE DEMOGRAPHICS: The population exceeds 56,000 within 5-miles of the property and is projected to increase

by 2030

Listing Contacts

DP
OH SAL.2012000748
Marcus & Millichap | The Patel Yozwiak Group
DM
OH SAL.2025002556
DY
OH SAL.2008003600
Marcus & Millichap | The Patel Yozwiak Group
Listed by Marcus & Millichap | The Patel Yozwiak Group

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Additional Information

Name
Steve Greer
License
Lic #: PB00098133
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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