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2549 Highway 9, Morrilton, AR

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2549 Highway 9

Morrilton, AR 72110-9295

Property Type:Retail Sub Type:- Status:Existing Year Built:-
Building Size:9,100 SF Land Area:1.28 AC (55,757 SF)
For Sale Price:$1,184,000 Price/SF:$130.11
Cap Rate:6.65 %

Sale Notes:
Stan Johnson Company is pleased to offer to qualified investors, a brand-new retail property which is 100% leased to Dollar General in Morrilton, Arkansas. Morrilton is about 50 miles northwest of Little Rock, Arkansas. This specific location is on the corner of Highway 9 and Overcup Lake Road, which is the main road into Overcup Lake. Overcup lake is a very popular 1,025-acre lake attracting tourists for crappie fishing. It is considered one of Arkansas' s crappie hot spots. This brand new Dollar General is operating under a fifteen (15) year absolute NNN lease featuring five (5), five (5) year renewal options and 10% rent increases in each option.

Nestled in the heart of the Arkansas River Valley, Morrilton is conveniently located between Conway and Russellville, AR along I-40. Forty-five minutes from Arkansas' s capital city, Morrilton residents embrace a rural lifestyle while having the convenience of nearby cities. As the county seat of Conway County, Morrilton is a residential, agricultural, and scenic focal point in the county. Located minutes from Petit Jean Mountain, home of Arkansas' s flagship state park, residents are able to enjoy the beautiful outdoors year round. With a population of 6,799, Morrilton is also home to the University of Arkansas Community College at Morrilton.

Stan Johnson Company
Chad Byerly
(918) 494-2690

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