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- LoopNet Team
4701 Highway 135 N
Paragould, AR 72450
Dollar General · Retail Property For Sale
PROPERTY FACTS
- 250 FT on Highway 135 N
- 579 FT on Austin Ln
Amenities
- Signage
About 4701 Highway 135 N , Paragould, AR 72450
MORE THAN 6 YEARS REMAINING | CORPORATE GUARANTEED LEASE • More than 6 years remain in the tenant’s initial lease term wit h 4 (5-year) options to extend • 3% increase in Aug 2020 and 10% increases at the beginning of e ach option period • Rental increases grow NOI and hedge against inflation INVESTMENT GRADE TENANT DOLLAR GENERAL (NYSE: DG | S&P: BBB) • Dollar General is an investment grade tenant with a credit rati ng of BBB by S&P • 14,609 stores located in 44 states throughout the United States as of 3/2/2018 • Ranked #123 on the Fortune 500 list - up 5 points from 128 last year (Dollar General has moved up the list for the 10th consecutive year) NN LEASE | FEE SIMPLE OWNERSHIP | LIMITED LANDLORD RESPONSIBILITIES • Tenant pays for CAM, taxes, and insurance • Landlord responsibilities limited to roof, structure, and parking lot • Ideal, low management investment for an out-of-state, passive investor MAJOR THOROUGHFARE | NEARBY NATIONAL/CREDIT TENANTS | CLOSE PROXIMITY TO ARKANSAS METHODIST HOSPITAL (129 BEDS) • Located along State Highway 135, a major north/south thoroughfare going through the towns of Paragould and Oak Grove Heights, averaging 7,400 V PD • Positioned within a corridor of local tenants & service providers including Oak Grove Rx Express, Bateman’s Auto Repair, and more • Nearby national/credit tenants include a 24-hour Walmart Supercenter, Lowe’s Home Improvement, ALDI, Aaron’s, PetSmart, and more • Increases consumer draw to the trade area and promotes crossover shopping • Located about 5 miles north of the Arkansas Methodist Hospital, a 129-bed medical facility serving the town of Paragould and Greene County as a w hole IDEAL BRAND DEMOGRAPHICS IN 5-MILE TRADE AREA • More than 28,000 residents with an average household income of $52,000 • Low-to-middle-level income sought after by the Dollar General brand
PROPERTY TAXES
Parcel Number | 4000-12330-010 | Improvements Assessment | $74,100 |
Land Assessment | $16,700 | Total Assessment | $90,800 |
PROPERTY TAXES
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Listing ID: 14896318
Date on Market: 1/17/2019
Last Updated:
Address: 4701 Highway 135 N, Paragould, AR 72450
The Retail Property at 4701 Highway 135 N, Paragould, AR 72450 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.