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17871 Highway 5 - Dollar General, Austin, AR

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17871 Highway 5 - Dollar General

Austin, AR 72007-9462 - Lonoke County Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2016
Building Size:9,026 SF Land Area:-
For Sale Price:$1,281,000 Price/SF:$141.92
Cap Rate:6.64 %
Parking:Free Surface spaces are available; Ratio of 1.64/1,000 SF
Features:Pylon Sign

Sale Notes:
Stan Johnson Company is pleased to offer for sale to qualified investors an attractive retail property 100% leased to Dollar General, located in Austin, Arkansas.

Dollar General is operating under a Fifteen (15) year Absolute NNN lease with Fifteen (15) years remaining. The lease features Five (5), Five (5) year renewal options with 10% rental increases every five (5) years in the option periods.

Dollar General is a U.S. chain of variety stores headquartered in Goodlettsville, Tennessee. As of March 23, 2016, it operated 12,483 stores located in 43 states. The company currently holds an investment grade credit rating of BBB/Stable with S&P.
Austin is a city in Lonoke County, Arkansas. The population was 1,000+ by 2010. It is part of the Little Rock North Little Rock Conway Metropolitan Statistical Area.

Little Rock is the capital and the most populous city of Arkansas, it is also the county seat of Pulaski County.

Little Rock is a cultural, economic, government and transportation center within Arkansas and the South. Several cultural institutions are located in Little Rock, such as the Arkansas Arts Center, the Arkansas Repertory Theatre, and the Arkansas Symphony Orchestra, in addition to hiking, boating, and other outdoor recreational opportunities. The city is home to the headquarters of Dillard' s, Windstream Communications, Acxiom, Stephens Inc., University of Arkansas for Medical Sciences, Heifer International, the Clinton Foundation, and the Rose Law Firm. Other large corporations, such as Dassault Falcon Jet and LM Wind Power have large operations in the city. State government is a large employer, with many offices being located in downtown Little Rock. Two Interstate highways, Interstate 30 and Interstate 40 meet in Little Rock, with the Port of Little Rock serving as a shipping hub.

Stan Johnson Company
Chad Byerly
(918) 494-2690

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