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4701 Highway 135 N
Paragould, AR 72450

Dollar General · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
C
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Zoning
C - Commercial Improved
Parking
25 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
250 FT on Highway 135 N

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

PROPERTY TAXES

Parcel Number
4000-12330-010
Land Assessment
$16,700
Improvements Assessment
$74,100
Total Assessment
$90,800
  • Listing ID: 14896318

  • Date on Market: 1/17/2019

  • Last Updated:

  • Address: 4701 Highway 135 N, Paragould, AR 72450

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