America's CAR-MART 1600 E Broadway Ave
6,056 SF Retail Building West Memphis, AR 72301 $674,579 ($111.39/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Eight Percent (8%) Rental Increase in Option 1; Five Percent (5%) Rental Increase in Option 2
- Corporate Guarantee (154+ Units)
EXECUTIVE SUMMARY
NNN Pro Group is pleased to present the exclusive listing for an America’s Cart Mart located at 1600 E Broadway Ave in West Memphis, Arkansas. The site consists of roughly 6,056 rentable square feet of building space on estimated 1.47-acre parcel of land. This America’s Cart Mart is subject to an 8-year absolute triple-net (NNN) lease, which commenced January 1st, 2020. The current annual rent is $48,907 and is scheduled to increase 8% in the first renewal option and 5% in the second renewal option.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
6,056 SF
Building Class
C
Year Built
1988
Price
$674,579
Price Per SF
$111.39
Cap Rate
7.25%
NOI
$48,907
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.47 AC
Parking
32 Spaces (5.28 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $46,250 | |
| Land Assessment | $30,676 | Total Assessment | $76,926 |
