Dollar General Center (Auction – August 8-10) Forrest City,Arkansas

Property type:Single-Tenant Net Lease

The space

  • Listing Price: 175,000
  • NOI: $58,919
  • Lease Type: Double Net
  • Guarantor: Corporate Guarantee
  • Rentable Square Feet: 25,320
  • Lot Size: 1.90 Acres
  • Year Built: 2009


412 N Washington Street
Forrest City, Arkansas 72335

Investment Highlights

  • STARTING BID $175,000 | $58,919 NOI | AUCTION AUGUST 8-10, 2022
  • ±49% Occupied Dollar General Anchored Retail Center at Signalized Hard Corner with $58,919 In-Place NOI
  • Recent Lease Extension for 8 Years
  • Value-Add Opportunity with 12,820 SF of Vacancy
  • Roof Under 15-Year Warranty through July 2028
  • Superior Visibility and Frontage on N Washington Street with traffic counts of ±10,083 VPD

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace

Marcus & Millichap and RI Marketplace are proud to present for sale 412 N Washington Street, a Dollar General anchored retail center in Forrest City, Arkansas (the “Property”). The Property, built in 1966 and renovated in 2009, consists of a single-story ±25,320 SF building on a large 1.9-acre parcel. The Property offers abundant surface spaces, visibility from both N Washington Street and Dillard Avenue, monument signage and multiple points of ingress/egress. The Property is ±49% occupied by Dollar General with a recent lease extension for 8 years through May 31, 2028, and ±12,820 SF space available for lease. The location benefits from great exposure and visibility with ±10,083 VPD along N Washington Street. Capital Improvements completed by the seller include a roof with a transferable 15-year warranty through July 2028.

Forrest City is in St. Francis County which is located in NE Arkansas off of I-40, between Little Rock (±95 miles) and Memphis (±45 miles). The Property is located near several retailers including Sears Hometown Store, Western Auto, AutoZone, Walgreens, and Walmart. The Property has approximately ±13,303 individuals residing within a five-mile radius of the property and an average HH income of ±$49,938.

Anne Williams
Broker of Record
License: PB00066390

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