Dollar General
Springdale, AR
Key Details
| Price: | $1,882,230 |
|---|---|
| Cap Rate: | 6.10% |
| Annual Rent: | $114,816 |
| Address: | 1153 Wagon Wheel Road, Springdale, Arkansas 72764 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 7/29/2022 |
| Lease Expiration: | 7/31/2037 |
| Lease Term Remaining: | 12.3 Years |
| Rental Increases: | 10.00% At Start of Each Option Period |
| Lot Size: | 1.18 Acres |
| Building Size: | 10,566 SF |
| Year Built: | 2022 |
NNN Pro is pleased to present the exclusive listing for a Dollar General located at 1153 Wagon Wheel Road, Springdale, Arkansas 72764. The site consists of roughly 10566 rentable square feet of building space on an estimated 1.18-acre parcel of land. This Dollar General is subject to a 15-year Triple Net (NNN) lease, which commenced 7/29/2022. The current annual rent is $114,816 and has scheduled increases of 10.00% At Start of Each Option Period.
About the Investment
- New Upgraded 2022 Construction | This Dollar General was constructed in 2022 and is upgraded construction, offering investors a newly built asset, reducing immediate maintenance needs and providing strong curb appeal.
- Long-Term Triple Net Lease | The property is subject to a 15-year Triple Net (NNN) lease, which commenced in July 2022. With over 12 years of remaining primary term, the lease features zero landlord responsibilities and 10% increases at the start of each renewal option.
- Strong Corporate Guarantee | The lease is backed by Dollar General Corporate, a Fortune 100 company with over 19,000 locations nationwide, providing stability and security for investors through an investment-grade tenant backing the lease.
- Affluent & Growing Trade Area | Located in a densely populated and growing area, the property benefits from strong household incomes and projected population growth, further supporting future rental stability and value appreciation.
Key Details
| Price: | $1,882,230 |
|---|---|
| Cap Rate: | 6.10% |
| Annual Rent: | $114,816 |
| Address: | 1153 Wagon Wheel Road, Springdale, Arkansas 72764 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 7/29/2022 |
| Lease Expiration: | 7/31/2037 |
| Lease Term Remaining: | 12.3 Years |
| Rental Increases: | 10.00% At Start of Each Option Period |
| Lot Size: | 1.18 Acres |
| Building Size: | 10,566 SF |
| Year Built: | 2022 |
Talk to the Pros
Daniel Price
dprice@nnnpro.com
License: NY: 10401306175
Broker of Record
Brian Brockman
Bang Realty-Arkansas, Inc
License: PB00082359
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.