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Dollar General

14929 AR-107, Jacksonville, AR 72076

Listing Price: $846,514

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
2.6
Gross SF
9,020
Guarantor
No Guarantee
Rentable SF
9,020
Price/Gross SF
$93.85
Lease Type
Double Net
Rent Per Square Feet
$6.65

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 14929 Highway 107 in Jacksonville, Arkansas. This investment opportunity is being offered at $846,514 which represents a 7.00 percent cap rate. The subject property is a 9,014 square foot built-to-suit prototype that completed construction in 2005. There are currently two and two-third years remaining on the current lease term with two, five year option periods which all include ten percent rental increases. This Dollar General has a double net lease agreement with limited maintenance responsibilities. The tenant is responsible for insurance and taxes, while the landlord is only responsible for roof and structure of the property and receives $188 a month in common area allowance. Jacksonville, Arkansas is located in Pulaski County which is in central Arkansas. Jacksonville has over 60,000 Residents and over 17,200 vehicles pass the site daily along State Highway 107. Being only 15 miles away from Little Rock, Arkansas, Jacksonville is a part of the greater Little Rock, Arkansas MSA with 197,000 plus residents. Notable national tenants in the local area include Citgo, Marco's Pizza, United States Postal Service, O'Reilly Auto Parts, and Sonic. As well, this Dollar General location is just under 10 miles from Little Rock Air Force Base with the base population being nearly 14,000.

Investment Highlights

  • Little Rock, Arkansas MSA - Located 15 Miles From Downtown Little Rock
  • Two, Five Year Option Periods Remaining With Ten Percent Increases
  • Over 17,000 Vehicles Pass The Site Daily

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Discount

Dollar General

Listing Price: $846,514

Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
2.6
Gross SF
9,020
Guarantor
No Guarantee
Rentable SF
9,020
Price/Gross SF
$93.85
Lease Type
Double Net
Rent Per Square Feet
$6.65

Investment Highlights

  • Little Rock, Arkansas MSA - Located 15 Miles From Downtown Little Rock
  • Two, Five Year Option Periods Remaining With Ten Percent Increases
  • Over 17,000 Vehicles Pass The Site Daily

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 14929 Highway 107 in Jacksonville, Arkansas. This investment opportunity is being offered at $846,514 which represents a 7.00 percent cap rate. The subject property is a 9,014 square foot built-to-suit prototype that completed construction in 2005. There are currently two and two-third years remaining on the current lease term with two, five year option periods which all include ten percent rental increases. This Dollar General has a double net lease agreement with limited maintenance responsibilities. The tenant is responsible for insurance and taxes, while the landlord is only responsible for roof and structure of the property and receives $188 a month in common area allowance. Jacksonville, Arkansas is located in Pulaski County which is in central Arkansas. Jacksonville has over 60,000 Residents and over 17,200 vehicles pass the site daily along State Highway 107. Being only 15 miles away from Little Rock, Arkansas, Jacksonville is a part of the greater Little Rock, Arkansas MSA with 197,000 plus residents. Notable national tenants in the local area include Citgo, Marco's Pizza, United States Postal Service, O'Reilly Auto Parts, and Sonic. As well, this Dollar General location is just under 10 miles from Little Rock Air Force Base with the base population being nearly 14,000.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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