America's Car-Mart
Hot Springs, AR
Key Details
| Price: | $848,570 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $61,521 |
| Address: | 1608 Albert Pike Road, Hot Springs, Arkansas 71913 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 8 Years |
|---|---|
| Lease Commencement: | 1/1/2020 |
| Lease Expiration: | 12/31/2027 |
| Lease Term Remaining: | 3.2 Years |
| Rental Increases: | 8.00% Option 1; 5.00% Option 2 |
| Lot Size: | 1.18 Acres |
| Building Size: | 3,426 SF |
NNN Pro is pleased to present the exclusive listing for a America's Car-Mart located at 1608 Albert Pike Road, Hot Springs, Arkansas 71913. The site consists of roughly 3426 rentable square feet of building space on an estimated 1.18-acre parcel of land. This America's Car-Mart is subject to a 8-year Triple Net (NNN) lease, which commenced 1/1/2020. The current annual rent is $61,521 and has scheduled increases of 8.00% Option 1; 5.00% Option 2.
About the Investment
- 8-Year Absolute Triple-Net (NNN) Lease This investment is subject to an existing absolute triplenet lease with 3.3 years remaining. The lease will have no landlord responsibilities.
- Strong Corporate Guarantee The lease will be subject to a strong corporate guarantee from America's Car-Mart which is a 154-unit operator.
- Publicly Traded Company America's Car-Mart is a publicly traded company (NASDAQ: CRMT) with a market cap of roughly $350M.
Key Details
| Price: | $848,570 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $61,521 |
| Address: | 1608 Albert Pike Road, Hot Springs, Arkansas 71913 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 8 Years |
|---|---|
| Lease Commencement: | 1/1/2020 |
| Lease Expiration: | 12/31/2027 |
| Lease Term Remaining: | 3.2 Years |
| Rental Increases: | 8.00% Option 1; 5.00% Option 2 |
| Lot Size: | 1.18 Acres |
| Building Size: | 3,426 SF |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Francis Purritano
fpurritano@nnnpro.com
License: NY: 10401333619
Walker Stevens
wstevens@nnnpro.com
License: NY: 10401381479
Carlton St. Bernard
cstbernard@nnnpro.com
License:
Broker of Record
Brian Brockman
Bang Realty-Arkansas, Inc
License: PB00082359
Related Listings
Loading...
Parachute Plasma
1993 U.S. 412, Siloam Springs, Arkansas 72761
PRICE$5,252,928
CAP RATE7.50%
Loading...
America's Car-Mart
1600 East Broadway Avenue, West Memphis, Arkansas 72301
PRICE$674,579
CAP RATE7.25%
Loading...
America's Car-Mart
5900 South University Avenue, Little Rock, Arkansas 72209
PRICE$955,966
CAP RATE7.00%
Loading...
America's Car-Mart
1220 East Oak Street, Conway, Arkansas 72032
PRICE$957,907
CAP RATE7.00%
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.