America's Car-Mart | 1608 Albert Pike
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America's Car-Mart 1608 Albert Pike
3,426 SF Retail Building Hot Springs, AR 71913 $848,570 ($248/SF) 7.25% 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.
Executive Summary
NNN Pro is pleased to present the exclusive listing for an
America's Car-Mart located at 1608 Albert Pike Rd, Hot Springs,
AR 71913. The site consists of roughly 3,426 rentable square feet
of building space on an estimated 1.183-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
$61,521 and has scheduled increases of 8.00% Option 1; 5.00%
Option 2.
America's Car-Mart located at 1608 Albert Pike Rd, Hot Springs,
AR 71913. The site consists of roughly 3,426 rentable square feet
of building space on an estimated 1.183-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
$61,521 and has scheduled increases of 8.00% Option 1; 5.00%
Option 2.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
3,426 SF
Building Class
B
Year Built
2020
Price
$848,570
Price Per SF
$248
Cap Rate
7.25%
NOI
$61,521
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
1.18 AC
-
Power Broker Glen Kunofsky -
Francis Purritano -
Walker Stevens -
Carlton St Bernard -
NNN Pro Group
1 of 3
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America's Car-Mart | 1608 Albert Pike
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