Overview

Description

The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5 Year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. Built/Commencement in 2017. The property is located at the southeast corner of AR-89 and AR-107 in the City of Cabot, Pulaski County, Arkansas. The property has an approximate site size of 2.23 acres or 96,971 square feet and is irregular in shape. The building is approx. 9,100 square feet. The storefront is concrete block facade with a canopy covering the entrance, and the remaining exterior walls are metal. The building features exterior lighting and gutters with downspouts. Floors are concrete and walls are a combination of metal paneling and drywall. Overhead lighting, security cameras, and HVAC run throughout the store. The store features two restrooms, an office, a break room, and retail and receiving areas. Water and electric utilities are available to the subject, and the subject utilizes a septic system.


Located on W Hwy 89 in Cabot Arkansas


Current 15yr lease expiring 1/31/2032 $8,038 monthly lease, Tenant reimburses Landlord for taxes. After the lease is up, these are the 5yr options: 1st: $8,842, 2nd: $9,276, 3rd: $10,699, 4th: $11,769, 5th: $12,945 Give Kara Holden a call at 903-490-3265 with any questions.

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