Cap Rate
6.25%
Gross SQFT
10,566
Year Built
2024
Term Remaining
±15 YRS
Property Type
Retail
LEAD LISTING AGENT
Josh Bishop
Senior Vice President & Senior Director
Email
[email protected]
License No.
688810 (TX)
Direct
+1 (214) 692-2289
Mobile
+1 (315) 730-6228
INVESTMENT HIGHLIGHTS
LOCATION HIGHLIGHTS
- Brand new 2025 build-to-suit construction for Dollar General
- Dollar General Market stores are DG’s grocery store concept and confirm that they are projecting a very large sales volume
- 5% Rent increase every 5-years for the life of the lease
- ±15-years remaining on the base term of an initial 15-year lease
- Absolute NNN with zero landlord responsibilities
- Five, 5-year renewal options, all of which include an attractive 5% increases
- Average household income of $90,736 annually
- 3-mile population of 25,205 residents
- 5-mile population of 43,890 residents
- Traffic counts on Hwy 30 exceed ±68,000 vehicles daily
- Large ±1.86 acre lot (±81,021 SF)
- Benton is a wealth suburb located within the Little Rock MSA (±734,622 residents)
TENANT HIGHLIGHTS
- Corporate guaranteed lease from Dollar General Corporation
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies throughout the COVID pandemic
- Dollar General has approx. 21,000 locations and plans to continue their expansion for the foreseeable future
- Dollar General boasts an investment grade credit rating of BBB (S&P) and has reported 34 consecutive quarters of same store sales growth
Broker of Record
- Kyle Matthews
- License No. PB00084217 (AR)
- (866) 889-0550
- MREIS AR Real Estate
- 1600 West End,
Ste. 1500 Nashville, TN 37203