America's Car-Mart
Conway, AR
Key Details
| Price: | $1,117,500 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $67,053 |
| Address: | 1220 East Oak Street, Conway, Arkansas 72032 |
| 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 Years |
| Rental Increases: | 8.00% Option 1; 5.00% Option 2 |
| Lot Size: | 1.53 Acres |
| Building Size: | 4,335 SF |
| Year Built: | 1998 |
NNN Pro is pleased to present the exclusive listing for a America's Car-Mart located at 1220 East Oak Street, Conway, Arkansas 72032. The site consists of roughly 4335 rentable square feet of building space on an estimated 1.53-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 $67,053 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.
- Conway Commons Shopping Center | The subject property is located across from Conway's largest shopping center with over 40 stores.
Key Details
| Price: | $1,117,500 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $67,053 |
| Address: | 1220 East Oak Street, Conway, Arkansas 72032 |
| 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 Years |
| Rental Increases: | 8.00% Option 1; 5.00% Option 2 |
| Lot Size: | 1.53 Acres |
| Building Size: | 4,335 SF |
| Year Built: | 1998 |
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.