Overview

Description

Bismarck, Arkansas, is home to the DeGray Lake Resort State Park located on an island off the shorelines of the serene 13,800-acre DeGray Lake, the only state park resort located in Arkansas. The site is located just off Arkansas Highways 7 and 84 on Millennium Park Dr. The lease structure is double-net with limited owner responsibilities. The current lease term ends April 30, 2027, with two (2) five (5) year option extensions.

Located approximately 1 hour southwest of Little Rock, Arkansas (72 mi) in the middle of the quaint town of Bismarck.

Highlights

• Dollar General (NYSE: DG) single tenant NN lease
• Recent updates in 2019 includes two new HVAC systems
• Current NOI: $50,400 (2023)
• Current Rent: $4,200 / month
• Current lease term ends April 30, 2027 with two (2) five (5) year options/ extensions
• 5- Year Extension 1: $4,600/ month / 5- Year Extension 2: $5,040/ month

Documents

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