For Sale
$1,875,669

1610 Hillsboro St El Dorado, AR 71730

High-Cap Rate Auto Shop, Arkansas

Overview

Added:
Dec 11, 2024
Days on market:
133
This El Dorado, Arkansas auto shop presents a compelling investment opportunity. The 5,010 square-foot building sits on a 3.14-acre lot and is currently 100% occupied under an absolute triple-net (NNN) lease with a corporate guarantor. The lease, initiated January 1, 2020, has a remaining term of approximately 3.1 years, with two five-year renewal options. The property boasts significant outdoor storage space and benefits from below-market rent, making it highly replaceable. The strong tenant history and built-in rent increases offer excellent long-term returns. Built in 2008, this property offers a 7.25% cap rate and a current NOI of $135,986. The asking price is $1,875,669.

Highlights

  • $1,875,669 asking price for a 5,010 SF auto shop in El Dorado, AR.
  • Triple-net (NNN) lease with corporate guarantee from America's Car-Mart.
  • 8-year lease with 3.1 years remaining; two 5-year renewal options.
  • 7.25% cap rate and $135,986 annual net operating income (NOI).
  • Located on a 3.14-acre lot with ample outdoor storage.

Property Details for 1610 Hillsboro St

Property type
Retail properties, Auto shops
Square Feet
5,010 SF
Year Built
2008
Lot Size (sq. ft)
136,778 SF

Location Insight

City
El Dorado
County
Union
State
Arkansas
Latitude
33.2083362
Longitude
-92.6839049

FAQs

What type of property is this?
Retail property - High-Cap Rate Auto Shop, Arkansas
Where is the retail property located?
The property is located at 1610 Hillsboro St El Dorado, AR.
What is the asking price?
The asking price for this property is $1,875,669.
What are key features of this property?
This property features: $1,875,669 asking price for a 5,010 SF auto shop in El Dorado, AR.; Triple-net (NNN) lease with corporate guarantee from America's Car-Mart.; 8-year lease with 3.1 years remaining; two 5-year renewal options.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1610 Hillsboro St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message