The Boulder Group has completed the sale of a single tenant brand-new construction Dollar General property located at 736 Wilburn Road in Heber Springs, AR for $2,175,000. The property sold shortly following rent commencement and the store’s opening for a 6.31% cap rate. The Boulder Group’s Zach Wright and Brandon Wright represented the seller in the transaction, an Arkansas-based real estate development company. The all-cash purchaser was a Colorado-based real estate investor in a 1031 exchange.

The brand-new construction Dollar General property is strategically positioned along Wilburn Road (AR 110), which is the primary east-west thoroughfare in the area. Heber Springs is located along Greers Ferry Lake, one of Arkansas’s most popular destinations with 2.5M annual visitors, and it is about one hour north of Little Rock. There are approximately 12,000 people living within five miles of the property.

The new 15-year Dollar General lease features rental increases every five years and zero landlord responsibilities. Dollar General is the leading discount retailer with over 20,000 locations and is an investment grade-rated company (S&P: BBB). Dollar General is planning to open 450+ new stores in 2026 and continues to experience same-store sales growth.

“We received strong investor interest for this Heber Springs property. Dollar General properties are amongst the only options for net lease buyers seeking properties for around $2 million, with an investment grade corporate guaranty, an absolute triple net lease, and lease term of 15 years. Investors are paying aggressive prices for Dollar Generals located in desirable secondary markets,” stated Zach Wright, Vice President.

“Single tenant properties located in Arkansas continue to generate strong demand from investors based locally and nationally. We’re seeing Arkansas properties command aggressive cap rates that are below the national average,” added Brandon Wright, Associate.

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.

For additional information, please visit www.BoulderGroup.com

PR Contact

Zach Wright 720-604-2220

Zach@BoulderGroup.com

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