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Dollar General Market 16453 Vimy Ridge Rd 12,668 SF Retail Building Alexander, AR 72002 $3,021,601 CAD ($238.52 CAD/SF) 6.50% Cap Rate
Investment Highlights
- New Construction
- Lease Structure Includes 5.0% Rental Escalations Every Five Years
- Investment opportunity featuring Dollar General Markets in Arkansas
- Brand New 15-Year Lease Starting May 2024, with 5, 5-Year Renewal Options
- Investment grade Credit Tenant (Rated “BBB” by Standard & Poor) with no Landlord Responsibilities
Executive Summary
We are pleased to present an opportunity to purchase an investment grade single tenant net leased asset occupied by Dollar General (NASDAQ: DG) located at 16453 Vimy Ridge Road in Alexander, Arkansas. This investment is a Dollar General Market which sells produce and fresh meats, and are a necessary addition to the immediate neighborhoods they serve. Dollar General Markets have a selection of fresh items like produce, meat, dairy products, and perishable foods. The lease is brand new with a 15 year term commencing May of 2024 and is equipped with 5, 5-year options and the newest lease structure of 5.0% rental escalations every five (5) years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,668 SF
Building Class
B
Year Built
2024
Price
$3,021,601 CAD
Price Per SF
$238.52 CAD
Cap Rate
6.50%
NOI
$196,401 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.72 AC
Frontage
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 001-01488-000 | Improvements Assessment | $316,068 CAD |
| Land Assessment | $4,684 CAD | Total Assessment | $320,751 CAD |
Property Taxes
Parcel Number
001-01488-000
Land Assessment
$4,684 CAD
Improvements Assessment
$316,068 CAD
Total Assessment
$320,751 CAD
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Dollar General Market | 16453 Vimy Ridge Rd
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