NNN Pro Group is pleased to present the exclusive listing for an America’s Cart Mart located at 5900 S University Ave in Little Rock, Arkansas. The site consists of roughly 4,365 rentable square feet of building space on estimated 1.62-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 $66,918 and is scheduled to increase 8% in the first renewal option and 5% in the second renewal option.
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
NNN Pro Group is pleased to present the exclusive listing for a Zips Car Wash located at 9500 N Rodney Parham Road in Little Rock, AR. The site consists of roughly 5,135 rentable square feet of building space on estimated 0.90-acre parcel of land. This Zips is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 12th, 2017. The current annual rent is $228,530 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 16.5 Years Remaining
✓ 1.50% Rental Increases Occurring Annually
✓ Six (6), Five (5)-Year Tenant Renewal Options
