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America’s Car Mart

Little Rock, Arkansas

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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

Key Details

Price:
$955,971
Cap Rate:
7.00%
Annual Rent:
$66,918
Address:
5900 S University Ave, Little Rock, Arkansas 72209
Property Type:
Net-Leased Retail
Lease Type:
Triple Net (NNN)

Original Lease Term:
8 Years
Lease Commencement:
1/1/2020
Lease Expiration:
12/31/2027
Lease Term Remaining:
4.3 Years
Rental Increases:
8% Option 1; 5% Option2
Lot Size:
1.62 Acres
Building Size:
4,365 SF
Year Built:
1994
Tenant:
America’s Car Mart

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Francis Purritano

License: 10401333619

Walker Stevens

Broker of record

Brian Brockman

Bang Realty-Arkansas, Inc

License: PB00082359


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