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103 Millennium Park Dr

Bismarck, AR 71929

$530,526

Freestanding For Sale  •  8,125 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 8,125 Sq Ft
  • Lot Size 0.69 ac
  • Building Class C
  • Year Built 2003
  • Cap Rate 9.50 %
0 Transit Score
19 Walk Score

Description

Only Discount Store in Town | Dollar General faces minimal competition within Bismarck, as it is the only dollar store in town. The site serves as a one-stop shop for local consumers.
Bite-Sized Deal | The subject property is offered at an attractive price point of $530,526 and a 9.5% Cap Rate, making it a desirable offering for those seeking a high return on investment.
Recession Resistant Tenant | Dollar General is a leader among low price-point retailers and thrives in middle-America markets where incomes may be modest and population density may be less infill.
Limited Landlord Responsibilities | The property operates under a Double-Net (NN) lease structure and features minimal landlord responsibilities.
Situated at a Pivotal Intersection | Located at the intersection of State Hwy 7 and State Hwy 84, the property lies directly on a crucial intersection between Caddo Valley and Hot Springs.
Extremely Limited Competition | The subject property greatly benefits from being the only discount retailer in the area with the next competing store located 15 miles away.
Strategic Location | Ideally located in the heart of the community and directly adjacent to the U.S Postal Service, Bismarck Middle School, Bismarck High School and several major churches in town.
Walking Distance to Bismarck School System | The Bismarck School System is located less than half a mile from the subject property and serves more than 1,200 students and faculty.
Brand New HVACs | The tenant recently made substantial improvements to the site by installing two brand new HVAC units in February 2019.
Proximity to Only Resort State Park in Arkansas | DeGray Lake Resort, a 96-room lodge, offers first-class lodging and amenities year-round. The park reported a total visitation of 458,741 in the last fiscal year (FY2018).

Highlights

Only Discount Store in Town | Dollar General faces minimal competition within Bismarck, as it is the only dollar store in town.
Bite-Sized Deal | The subject property is offered at an attractive price point of $530,526 and an 9.50% Cap Rate, making it a desirable offering.
Recession Resistant Tenant | Dollar General is a leader among low price-point retailers and thrives in middle-America markets.
Limited Landlord Responsibilities | The property operates under a Double-Net (NN) lease structure and features minimal landlord responsibilities.
Proximity to Only Resort State Park in Arkansas | DeGray Lake Resort, a 96-room lodge, offers first-class lodging and amenities year-round.
Brand New HVACs | The tenant recently made substantial improvements to the site by installing two brand new HVAC units in February 2019.

Property Flyers

Cap Rate: 9.50 %
Vincent Saucer 424-325-2617 James Capital Advisors, Inc
Vincent Saucer 424-325-2617 James Capital Advisors, Inc