Skip to main content

Drug Store

Dollar General | Zero Market Competition | Memphis, TN MSA

3817 AR-1, Cherry Valley, AR 72324

Listing Price: $1,025,422

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
2.7
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Double Net
Rent Per Square Feet
$7.61

Investment Overview

Marcus & Millichap is pleased to present for sale a Dollar General single-tenant, double-net investment offering in Cherry Valley, Arkansas. Built in 2010, the property sits on 1.00 acre along Highway 1, a north and south thoroughfare that leads directly into the city of Jonesboro. There is currently three years remaining on Dollar General’s original fifteen-year firm-term lease as well as four, five-year renewal option periods with 10 percent rental increases at the beginning of each option period. Cherry Valley is a city located just one hour away from Memphis, Tennessee. The subject property is located just off the intersection of Highway 1 and Highway 42, which leads directly into Interstate 55 to the east, which runs directly into Memphis. Surrounding the property are the city’s main points of interest; Cherry Valley City Hall, Cross County Bank, Exxon, The Nest and the United States Post Office are all within walking distance. Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.

Investment Highlights

  • Corporate Guarantee Tenant. Dollar General (NYSE: DG) is an Essential Business
  • Double-Net Lease Structure Minimizing Landlord Responsibilities
  • State Road 1 Location, North and South Thoroughfare that Connects Jonesboro and Forest City, Arkansas
  • Memphis, Tennessee MSA Location, Located Approximately 50 miles from Memphis
  • Four, Five-Year Options Available with 10% Base Rental Increases at Each Option
  • Zero Market Competition for Discount Dollar Stores in the Immediate Area

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Drug Store

Dollar General | Zero Market Competition | Memphis, TN MSA

Listing Price: $1,025,422

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
2.7
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Double Net
Rent Per Square Feet
$7.61

Investment Highlights

  • Corporate Guarantee Tenant. Dollar General (NYSE: DG) is an Essential Business
  • Double-Net Lease Structure Minimizing Landlord Responsibilities
  • State Road 1 Location, North and South Thoroughfare that Connects Jonesboro and Forest City, Arkansas
  • Memphis, Tennessee MSA Location, Located Approximately 50 miles from Memphis
  • Four, Five-Year Options Available with 10% Base Rental Increases at Each Option
  • Zero Market Competition for Discount Dollar Stores in the Immediate Area

Investment Overview

Marcus & Millichap is pleased to present for sale a Dollar General single-tenant, double-net investment offering in Cherry Valley, Arkansas. Built in 2010, the property sits on 1.00 acre along Highway 1, a north and south thoroughfare that leads directly into the city of Jonesboro. There is currently three years remaining on Dollar General’s original fifteen-year firm-term lease as well as four, five-year renewal option periods with 10 percent rental increases at the beginning of each option period. Cherry Valley is a city located just one hour away from Memphis, Tennessee. The subject property is located just off the intersection of Highway 1 and Highway 42, which leads directly into Interstate 55 to the east, which runs directly into Memphis. Surrounding the property are the city’s main points of interest; Cherry Valley City Hall, Cross County Bank, Exxon, The Nest and the United States Post Office are all within walking distance. Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

MM Texture Background
MM Textured Background Lower