Dollar General

901 South Blake St - Pine Bluff AR 71603

LTV (Loan to Value)	65.00%	Current NOI	$76,644.00
Interest Rate	4.250%	Capital Rate	6.450%
Fixed Term	10 Years	Land Area	1.14 Acre
Amortization	25 Years	Lease Type	NNN
Loan Amount	$772,850.00	Property Type	Retail
Payment	$4,186.82	Property Lease	Discount
Bulding Size	9,100 SF	Remaining Terms	15 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors an attractive retail property 100% leased to Dollar General located in Pine Bluff, Arkansas.Dollar General is operating under a Fifteen (15) year Absolute NNN lease with Fifteen (15) years remaining. The lease features Five (5), Five (5) year renewal options with 10% rental increases every five (5) years in the option periods.Dollar General is a U.S. chain of variety stores headquartered in Goodlettsville, Tennessee. As of February 2015, Dollar General operated 11,879 stores in 43 states. The company currently holds an investment grade credit rating of BBB-/Stable with S&P.

Highlights

Long Lease Term - Fifteen (15) year lease with Five (5), Five (5) year renewal optionsNo Landlord Responsibility - Absolute…

Property Description

Pine Bluff is the largest city and county seat of Jefferson County, Arkansas. It is also the principal city of the Pine Bluff Metropolitan Statistical Area and part of the Little Rock-North Little Rock-Pine Bluff Combined Statistical Area. The population of the city was 49,083 in the 2010 Census. Pine Bluff retains a healthy, diverse cultural climate. The Pine Bluff Convention Center is one of the state's largest meeting facilities. Major area employers include Jefferson Regional Medical Center, Simmons First National Corp., Tyson Foods, Evergreen Packaging, the Pine Bluff Arsenal and the Union Pacific Railroad. The subject property is located about 45 miles southeast of Little Rock. Little Rock is the capital and the largest city of the State of Arkansas. The Metropolitan Statistical Area (MSA) had a population of 724,385 people in the 2013 census estimate. The MSA is included in the Little Rock-North Little Rock, AR Combined Statistical Area, which had a population of 898,683 in the 2013 census estimate. As of the 2010 census, Little Rock had a city proper population of 193,524. It is the county seat of Pulaski County.