The Boulder Group has completed the sale of a single tenant brand-new construction Dollar General property located at 6600 Alma Highway in Van Buren, AR for $2,130,000. The property sold shortly following the store’s opening to a California-based investor. Zach Wright and Brandon Wright, of The Boulder Group, exclusively represented the seller in the transaction, who is an Arkansas-based development company.

The brand-new construction Dollar General is strategically located in immediate proximity to the Interstate 40 and Interstate 49 interchange. There are over 28,000 people that live within five miles of the property and retailers in the immediate area include Walmart Supercenter, Walgreens, Cracker Barrel, O’Reilly Auto Parts, Murphy Express, Arvest Bank, McDonald’s, Braum’s, Sonic, and Harps Food Stores. Van Buren is the county seat of Crawford County and is approximately 13 miles northeast of Downtown Fort Smith.

The 15-year Dollar General lease features rental increases every five years and no landlord responsibilities. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB.

“Dollar Generals in strong secondary markets are highly sought after amongst private net lease investors. Asking cap rates for these properties remain elevated near 10-year highs, providing purchasers with an enticing opportunity to acquire long-term investments with an attractive basis. However, we’re seeing well-located stores trade for premiums with cap rates beginning to compress,” stated Zach Wright, Vice President.

“Dollar General has one of the most landlord-friendly leases in the net lease world. Their new leases are for 15 years and have rental increases every five years with no landlord responsibilities,” 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 2013-2024, 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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