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Heber Springs, AR - Dollar General

$938,000

44 Heber Springs Rd W, Heber Springs, AR 72543

Active
Last Updated: 05/15/2024

8

Cap Rate

75,011

NOI

Details:
Cap Rate:    8%
NOI:    $75,011
Building Size:    9,026 sqft
Description:

• Dollar General has operated at this location for 11 years and has 4+ years remaining on their current lease with 5 (5-year) options to extend
• The lease features 10% increases at the beginning of each option period
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,000 locations in 47 states as of February 2024

• Dollar General is strategically located at the intersection of Heber Springs Rd & State Hwy 5 which averages a combined 15,300 vehicles passing by daily
• With extremely limited nearby competition, the subject property offers an immediate discount store option for highway travelers and locals alike
• The asset has excellent visibility via street frontage and a large pylon sign providing ease and convenience for customers

Map:
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