1600 E Broadway Ave - Auto Dealership FOR SALE


West Memphis, AR 72301
$674,579 USD
332-345-4222
1600 E Broadway Ave, West Memphis, AR for Sale
$674,579 USD
Auto Dealership - FOR SALE
1/3
null | 7.25% Cap Rate

1600 E Broadway Ave
West Memphis, AR 72301


HIGHLIGHTS

  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$674,579 USD

PRICE/SF

$111 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

America's CAR-MART

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

-

APN/PARCEL ID

384-005000-000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.