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Dollar General

503 Highway 65, Marshall, AR 72650

Listing Price: $690,000

Cap Rate
6.52%
Tenant Name
Dollar General
Years Remaining On Lease
8.4
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$76.55
Lease Type
Double Net
Rent Per Square Feet
$4.99

Investment Overview

Marcus & Millichap is pleased to announce our latest investment offering of the Dollar General Store located in Marshall, VA. The investment was originally constructed as a build-to-suit in 2004 and was a relocation store. Dollar General has activated two consecutive lease extensions for this store well in advance of their lease expiration timing. The latest extension was done in May of 2021 and added an additional five years of lease term, creating a firm term at his location for another 8.5 years. The site is the ideal Dollar General prototype for its respective market at 9,014/sf and benefits from strong visibility on the main artery (US 65) in Marshall, Arkansas. The location is a prime Dollar General demographic, illustrated by the continued early lease extensions now twice. The Marshall store has a very low rental rate of $5/sf all but assuring profitability and thus allows for a purchase price of only $76/sf, making this a very secure, risk adverse investment. An astute investor will capitalize on the opportunity to acquire a bite sized price point for a proven Dollar General location, at a sound going in return, for one of the most sought after retailers in the market.

Investment Highlights

  • Early Lease Extension - extended with over three years of term still remaining
  • Low Rent and Price Per Square Foot
  • Proven Location and Bite Sized Investment
  • 8.5 Years of Lease Term with Two Options
  • Located Directly on US Highway 65
  • $5/sf Rental Rate Assures Continued Success

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s) AR: PB00066390

    Arkansas

Listing Price: $690,000

Cap Rate
6.52%
Tenant Name
Dollar General
Years Remaining On Lease
8.4
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$76.55
Lease Type
Double Net
Rent Per Square Feet
$4.99

Investment Highlights

  • Early Lease Extension - extended with over three years of term still remaining
  • Low Rent and Price Per Square Foot
  • Proven Location and Bite Sized Investment
  • 8.5 Years of Lease Term with Two Options
  • Located Directly on US Highway 65
  • $5/sf Rental Rate Assures Continued Success

Investment Overview

Marcus & Millichap is pleased to announce our latest investment offering of the Dollar General Store located in Marshall, VA. The investment was originally constructed as a build-to-suit in 2004 and was a relocation store. Dollar General has activated two consecutive lease extensions for this store well in advance of their lease expiration timing. The latest extension was done in May of 2021 and added an additional five years of lease term, creating a firm term at his location for another 8.5 years. The site is the ideal Dollar General prototype for its respective market at 9,014/sf and benefits from strong visibility on the main artery (US 65) in Marshall, Arkansas. The location is a prime Dollar General demographic, illustrated by the continued early lease extensions now twice. The Marshall store has a very low rental rate of $5/sf all but assuring profitability and thus allows for a purchase price of only $76/sf, making this a very secure, risk adverse investment. An astute investor will capitalize on the opportunity to acquire a bite sized price point for a proven Dollar General location, at a sound going in return, for one of the most sought after retailers in the market.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 486-4376

    License(s): AR: PB00066390

    Arkansas

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