NNN Pro Group is pleased to present the exclusive listing for an America’s Cart Mart located at 1501 W Shawnee St in Muskogee, Oklahoma. The site consists of roughly 5,378 rentable square feet of building space on estimated 1.86-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 $123,905 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
