Net Leased Dollar General Market Sold

The Boulder Group has completed the sale of a single tenant brand-new construction Dollar General Market located at 1026 Highway 63 S, Mammoth Spring, AR for $1,870,000. Zach Wright and Brandon Wright represented the purchaser in the transaction. The purchaser was a local all-cash investor and the seller was an Arkansas-based real estate development company.

The brand-new construction Dollar General Market property is located just south of the Missouri-Arkansas border along US Route 63. The Dollar General is positioned just east of Mammoth Spring Highschool and Mammoth Spring Middle School, and just south of the entrance of Mammoth Spring State Park. The 15-year Dollar General lease features rental increases every 5 years and zero landlord responsibilities. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB.

“The market for new construction STNL properties priced under $2 million is currently competitive and is dominated by all-cash private investors,” stated Zach Wright, Vice President.

“Net lease investors continue to seek Dollar General properties due to their long-term leases that are absolute triple net with rental increases every five years,” added Brandon Wright, Associate.

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