DT – Pine Bluff, AR

$1,468,531
Price
$105,000
Noi
7.15%
Cap Rate
10,000
Leasable Area
2019
Year Built

CONTACT US REGARDING THIS LISTING

Ben Schultz

Senior Director

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 10,000SF Dollar Tree store located at 5923 Dollarway Road in Pine Bluff, AR. The property is encumbered with a double net lease, leaving minimal landlord responsibilities. The lease contain four (4) five (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-” which is classified as investment grade.

This Dollar Tree is highly visible as it is strategically positioned on a signalized intersection with over 21,260 vehicles per day. The five mile population exceeds 41,200 residents with the average household income exceeding $41,000. These are above-average demographics for a Dollar Store. The five mile average home value exceeds $89,000. Surrounding retail tenants include Brookshire Grocers, O’Reilly Auto Parts, Walgreens, Tractor Supply among many others.

Dollar Tree out positions most, if not, all retailers in the market. The subject property sits on a major thoroughfare that feeds to both downtown Pine Bluff and a major Arkansas highway, I-530.

• Brand New Featuring Modern Prototype Construction
• 10 Year NN Lease Requiring Minimal Landlord Responsibilities
• Situated on Hard, Signalized Corner with over 21,260 VPD
• Investment Credit Tenant | Standard & Poor’s: ‘BBB-‘
• Over 41,000 Residents within 5 Mile Radius
• Four (4), 5-Year Options with $0.50 PSF Rent Increase
• Ideal Dollar Store Surrounding Demographics
• Dollar Tree Out Positions Other Retailers in Market

Instate Broker of Record: Jessica Flake Dearnley | Flake & Kelley Northwest | License #: PB00069947