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Dollar General Market
3920 Hwy 65 S Harrison, Arkansas 72601
$2,371,000
Cap Rate 6.00%
Summary
| Price $2,371,000 | Built/Renov 2023 | Tenant Dollar General Market |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
12,688
| Lease Start
12-05-2023
| #Units
19,294
|
| Price/SF $186.87 | Expiration
12-31-2038
| Tenant Type Dollar/Discount |
| NOI $142,260 | R. Term 15.0 | Ownership Fee Simple |
| Rent/SF
$11.21
| Increases 5.0%/5/yrs | Pop 5Mi 9,592 |
| Lot/AC 2.94 | Options 5/5yrs/10% | AHHI 5Mi $63,966 |
| | |
Lease Highlights
- 2023 build-to-suit construction
- Dollar General Market recently signed a brand-new 15-year lease with 5 (5-year) options to extend
- Lease features 5% rental escalations every 5 years throughout the initial term and at the start of each
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
This newly constructed Dollar General Market is strategically located on Highway 65 South which sees 19,000+ vehicles passing by daily. This is a major retail corridor, consisting of many national tenants, including Big Lots, Hobby Lobby, O’Reilly Auto Parts, McDonald’s, Burger King, and many others, creating a strong drive to the immediate trade area. The subject property is within close...
...Features
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New construction
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Build to suit
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Relocation store
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Dense retail corridor
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Highway location
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Brand new lease
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Long 15+ yr lease
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Absolute NNN
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Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: Dollar General Market
- Guarantor:Corp T and Rated
- Company:Dollar General Corp.
- # Units:19,294
- Tenant S&P: BBB
- Moody’s: Baa3
- Stock:NYSE: DG
About Tenant
Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 811 | 2,466 | 8,692 |
| 2023 Total Population : | 809 | 2,469 | 8,701 |
| 2023 Employed Civilian Pop : | 408 | 1,174 | 3,838 |
| 2023 Total Businesses : | 42 | 106 | 593 |
| 2023 Average Household Income : | $ 61,452 | $ 63,137 | $ 57,642 |
| 2023 Total Consumer Spending : | $ 17 M | $ 54 M | $ 182 M |
| 2023 Median Age : | 43 | 43 | 40 |
| 2023 Total Households : | 319 | 988 | 3,578 |
| 2023 Pop Age 25+: Bachelor's Degree : | 55 | 175 | 631 |
| 2023 Average Home Value : | $ 233,258 | $ 217,007 | $ 190,174 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| US 62;US 65;US 412 | Hwy 65 | 2021 | 18,000 | 0.06 mi |
| US 62;US 412 | Tennyson Loop | 2021 | 6,800 | 0.22 mi |
| US Hwy 65 | Hwy 62 E | 2002 | 6,100 | 0.29 mi |
| Maxie Camp Road East | Bellefonte Rd | 2021 | 110 | 0.82 mi |
| AR 206 | Abney Ave | 2021 | 1,100 | 0.90 mi |
| State Hwy 206 W | Blackshire Rd E | 2002 | 890 | 0.92 mi |
| US 62;US 412 | Lavista Dr | 2021 | 5,800 | 1.09 mi |
| US 62;US 65;US 412 | Hollyhock Ln | 2021 | 18,000 | 1.40 mi |
| Hwy 62 E | Campground Rd | 2002 | 16,000 | 1.53 mi |
| US 65 | Fergy Ln | 2021 | 9,500 | 1.93 mi |
