Property Listing No Longer Available for Sale

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
UpdatedAugust 11th, 2016
TypeRetail
Price$1,468,646
Building10,640 Sq. Ft.
Land1.79 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 .


Financials