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Dollar General 46 E Priddy St 9,100 SF Retail Building Magazine, AR 72943 $1,762,209 CAD ($193.65 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Grade Credit Tenant
- Long-Term Lease
- Desirable Rental Increases in Option Periods
- 2020 Build-To-Suit Construction
- Triple Net Lease Investment
EXECUTIVE SUMMARY
Northmarq is pleased to offer to qualified investors a single-tenant retail property, 100% leased to Dollar General, located in Magazine, AR ("the Property").
The Property consists of a ± 9,100 SF building and ± 1.50 acres of land. Dollar General is operating under a fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options with 10% rental increases in each option.
Dollar General Corporation is an investment-grade company currently holding a Standard & Poor’s rating of BBB/Stable.
The Property consists of a ± 9,100 SF building and ± 1.50 acres of land. Dollar General is operating under a fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options with 10% rental increases in each option.
Dollar General Corporation is an investment-grade company currently holding a Standard & Poor’s rating of BBB/Stable.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2020
Price
$1,762,209 CAD
Price Per SF
$193.65 CAD
Cap Rate
6.50%
NOI
$114,544 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.50 AC
Zoning
CV - Commercial, Vacant
Parking
24 Spaces (2.64 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $138,220 CAD | |
| Land Assessment | $6,700 CAD | Total Assessment | $144,920 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,700 CAD
Improvements Assessment
$138,220 CAD
Total Assessment
$144,920 CAD
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Dollar General | 46 E Priddy St
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