America's Car-Mart
West Memphis, AR
Key Details
| Price: | $674,579 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $48,907 |
| Address: | 1600 East Broadway Avenue, West Memphis, Arkansas 72301 |
| 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: | 1.47 Acres |
| Building Size: | 6,056 SF |
| Year Built: | 1988 |
NNN Pro is pleased to present the exclusive listing for a America's Car-Mart located at 1600 East Broadway Avenue, West Memphis, Arkansas 72301. The site consists of roughly 6056 rentable square feet of building space on an estimated 1.47-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 $48,907 and has scheduled increases of 8.00% Option 1; 5.00% Option 2.
About the Investment
- Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Corporate Guarantee (154+ Units)
- Eight Percent (8%) Rental Increase in Option 1; Five Percent (5%) Rental Increase in Option 2
- Two (2), Five (5)-Year Tenant Renewal Options
- Large Underlying Acreage With Significant Outdoor Storage Space
- Small Unit Price Point | Below Market Rent – Highly Replaceable Rent
- Recessionary Resistant | Competitive Car Mart Lending Program | Supplements Used Car Sales
Key Details
| Price: | $674,579 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $48,907 |
| Address: | 1600 East Broadway Avenue, West Memphis, Arkansas 72301 |
| 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: | 1.47 Acres |
| Building Size: | 6,056 SF |
| Year Built: | 1988 |
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
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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.