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2009 E Kings Hwy
Paragould, AR 72450

Strong Demographics | Absolute NNN Lease · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.04 AC

About 2009 E Kings Hwy , Paragould, AR 72450

Lease & Location: - Ideal 1031 exchange property for a buyer seeking a secure source of passive income - Brand new 2019 construction (rent commencement of February) - 15-Year absolute NNN lease (zero management responsibilities) - ±17,000 vehicles daily on Kings Highway - Paragould is home to more than 30,000 residents and is one of the larger cities in the state of Arkansas - Extremely strong corporate guarantee from Dollar General Corporation - Five, 5-Year renewal periods, all of which include a 10% rent increase Tenant: - Investment grade credit rating of BBB, recently upgraded from BBB- - Dollar General currently operates ±15,500 locations nationwide with plans to add another ±900 store is 2019 - Dollar General is the premier dollar store and the nation’s largest small-box discount retailer - Dollar General has a market cap of more than $30 billion - Paragould is home to more than 30,000 residents and is one of the larger cities in the state of Arkansas - Average household incomes of greater than $62,000 annually

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1004-32440-003
Land Assessment
$55,300
Improvements Assessment
$39,350
Total Assessment
$94,650
  • Listing ID: 15282013

  • Date on Market: 2/26/2019

  • Last Updated:

  • Address: 2009 E Kings Hwy, Paragould, AR 72450

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