America's Car Mart | 1220 E Oak St
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America's Car Mart 1220 E Oak St
4,335 SF Retail Building Conway, AR 72032 $1,117,500 ($258/SF) 6% Cap Rate
Investment Highlights
- 8-Year Absolute Triple-Net (NNN) Lease | This investment is subject to an existing absolute triplenet lease with 3.3 years remaining
- Publicly Traded Company | America's Car-Mart is a publicly traded company (NASDAQ: CRMT) with a market cap of roughly $350M.
- Strong Corporate Guarantee | The lease will be subject to a strong corporate guarantee from America's Car-Mart which is a 154-unit operator.
- Conway Commons Shopping Center | The subject property is located across from Conway's largest shopping center with over 40 stores.
Executive Summary
NNN Pro is pleased to present the exclusive listing for an
America's Car-Mart located at 1220 E Oak St, Conway, AR
72032. The site consists of roughly 4,335 rentable square feet of
building space on an estimated 1.531-acre parcel of land. This
America's Car-Mart is subject to a 8 Years-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.
America's Car-Mart located at 1220 E Oak St, Conway, AR
72032. The site consists of roughly 4,335 rentable square feet of
building space on an estimated 1.531-acre parcel of land. This
America's Car-Mart is subject to a 8 Years-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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
4,335 SF
Building Class
C
Year Built
1998
Price
$1,117,500
Price Per SF
$258
Cap Rate
6%
NOI
$67,053
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.07
Lot Size
1.53 AC
Opportunity Zone
Yes
Zoning
CI
Frontage
284 FT on Oak St
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 710-04825-018 | Improvements Assessment | $95,420 |
| Land Assessment | $118,920 | Total Assessment | $214,340 |
PROPERTY TAXES
Parcel Number
710-04825-018
Land Assessment
$118,920
Improvements Assessment
$95,420
Total Assessment
$214,340
Contacts
-
Glen Kunofsky -
Francis Purritano -
Walker Stevens -
Carlton St Bernard -
NNN Pro Group
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America's Car Mart | 1220 E Oak St
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