4172 Malvern Avenue, Hot Springs, AR
Retail for Sale - $1,468,646 - 10,640 Sq. Ft. on 1.79 acres
Property Info
CIMLS# | 859260 |
Location 4172 Malvern Avenue Hot Springs AR 71901 | |
Updated | August 11th, 2016 |
Type | Retail |
Price | $1,468,646 |
Building | 10,640 Sq. Ft. |
Land | 1.79 acres |
Property Description
CAP Rate: 6.50%
Net Income: $95,462
Tenant: Dollar General
Lease Guarantor: Dollar General Corp.
Gross Leasable Area: 10,640 SF
Lot Size: 1.79 AC
Lease Term: 15 Year Term
Option Periods: 5 Option periods of 5 years in length
New High Quality Construction
Lease Commenced April 2016
Absolute NNN Lease % No Management Responsibility
Dollar General NYSE: DG
$19.5+ Billion Dollar Market Cap Value
Ideal 1031 Exchange Property
Hot Springs is the 11th largest city in the state and one of the state' s most sought tourist destinations. Located deep within the Ouachita Mountains among the US Interior Highlands, the city is set among several natural hot springs for which it is named. The center of Hot Springs is the oldest federal reserve in the United States, Hot Springs National Park. The city has been a tourist mecca for generations due to the thermal waters and attractions A low cost of doing business, high job growth and the educated workforce helped rank the historical city as one of Forbes top small places for business and careers .