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Crossett, AR - Dollar General

$1,217,542

1406 Dr Martin Luther King Jr Dr, Crossett, AR 71635

Active
Last Updated: 11/20/2024

7.2

Cap Rate

87,663

NOI

Details:
Cap Rate:    7.2%
NOI:    $87,663
Building Size:    9,020 sqft
Description:

• The tenant currently has over 11 years remaining with 5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• As of May 3, 2024, the Company’s 20,149 Dollar General, DG Market, DGX and pOpshelf stores across the United States
• The site is ranked in the 48th percentile of all Dollar Generals in the United States

• The asset is located along Dr. Martin Luther King Jr. Dr, which averages 7,200 vehicles passing by daily
• Nearby national/credit tenants include Taco Bell, Sherwin Williams, Ace Hardware, and many more
• The site is directly across the street from Crossett High School (510 students), further increasing consumer traffic to the immediate area
• The asset has excellent visibility via significant street frontage and large pylon sign

Map:
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