10585 AR-89 - Freestanding FOR SALE


Lonoke, AR 72086
$1,296,000 USD
925-348-1844
10585 AR-89, Lonoke, AR for Sale
$1,296,000 USD
Freestanding - FOR SALE
1/1
null | 8.75% Cap Rate

10585 AR-89
Lonoke, AR 72086


HIGHLIGHTS

  • New 10-Year Net Lease
  • Minimal Landlord Obligations
  • Corporate Guarantee
  • 6 x 5-Year Renewal Options with $0.50/SF Rent Increases
  • Located Along Highway 89 South with Easy Access
  • Proximity to Interstate 40 for Regional Access

OVERVIEW

The Kase Group is pleased to offer the opportunity to acquire a newly leased Family Dollar location in Lonoke, Arkansas, featuring a 10-year net lease with minimal landlord responsibilities. The lease includes six 5-year renewal options, each with $0.50/SF rent increases, ensuring future income growth. The lease is backed by a corporate guarantee, providing stability and security for the investor. This Family Dollar property is located along Highway 89 South, providing accessibility and visibility to both local residents and those passing through. The property is strategically positioned in a growing residential area within Lonoke County, which has seen steady population growth over the past decade. The county’s population has increased from 68,356 in 2010 to 76,389 in 2024, reflecting a positive demographic trend that supports the demand for retail services. Additionally, the property is well connected to Interstate 40, a key transportation route, offering access to a broader regional market.

FOR SALE DETAILS

PRICE

$1,296,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Net Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,979 SF

ZONING

-

APN/PARCEL ID

195-00007-000,195-00008-000V

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.