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America's CAR-MART 1600 E Broadway Ave

6,056 SF Retail Building West Memphis, AR 72301 $956,195 CAD ($158 CAD/SF) 7.25% Cap Rate

Retail Space Arkansas West Memphis 1600 E Broadway Ave, West Memphis, AR 72301

Investment Highlights

  • Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Eight Percent (8%) Rental Increase in Option 1; Five Percent (5%) Rental Increase in Option 2
  • Corporate Guarantee (154+ Units)

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
6,056 SF
Building Class
C
Year Built
1988
Price
$956,195 CAD
Price Per SF
$158 CAD
Cap Rate
7.25%
NOI
$69,324 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.47 AC
Parking
32 Spaces (5.28 Spaces per 1,000 SF Leased)
Frontage
209 ft on Broadway Blvd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 354-650000-000
  • 384-005000-000
 Improvements Assessment $65,558 CAD
Land Assessment $43,482 CAD Total Assessment $109,040 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 354-650000-000
  • 384-005000-000
Land Assessment
$43,482 CAD
Improvements Assessment
$65,558 CAD
Total Assessment
$109,040 CAD
(332) 345-4222

Contacts

  • Listing ID: 30187103

  • Date on Market: 2023-11-29

  • Last Updated:

  • Address: 1600 E Broadway Ave, West Memphis, AR 72301

The Retail Property at 1600 E Broadway Ave, West Memphis, AR 72301 is currently available for sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

America's CAR-MART | 1600 E Broadway Ave
(332) 345-4222 x

America's CAR-MART | 1600 E Broadway Ave

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Francis Purritano

(332) 345-4311

(332) 345-4311

Walker Stevens

(332) 345-7742

(332) 345-7742

Carlton St Bernard

(332) 345-4986

(332) 345-4986

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