For Sale
$848,570

1608 Albert Pike RdHot Springs, AR 71913

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a fee-simple ownership of a 3,426 square foot retail car dealership located at 1608 Albert Pike Rd, Hot Springs, AR 71913. The property sits on a 1.18-acre lot and is currently 100% occupied by America's Car-Mart, a publicly traded company (NASDAQ: CRMT), under a triple-net (NNN) lease. The lease commenced January 1, 2020, and has a remaining term of approximately 3.1 years, expiring December 31, 2027. The current annual net operating income (NOI) is $61,521, representing a 7.25% cap rate on the asking price of $848,570. The lease includes a corporate guarantee from America's Car-Mart, mitigating risk for the investor. This is a single-tenant property with no landlord responsibilities. The lease features scheduled rent increases, providing potential for future income growth. This offering presents a compelling opportunity to acquire a stable, high-yield investment with a strong, publicly traded tenant in a desirable location. The property's size and location make it an attractive asset for long-term investment growth. The current lease provides a secure income stream with built-in rent escalations. This is a rare opportunity to acquire a well-performing NNN leased property with a strong tenant and significant remaining lease term.

Highlights

  • Fee-simple ownership of a 3,426 SF retail car dealership on a 1.18-acre lot in Hot Springs, AR.
  • Triple-net (NNN) lease with America's Car-Mart (NASDAQ: CRMT), a publicly traded company, with approximately 3.1 years remaining.
  • Strong corporate guarantee from America's Car-Mart, minimizing landlord responsibilities.

Property Details for 1608 Albert Pike Rd

Property type
Retail properties, Automotive properties
Square Feet
3,426 SF
Lot Size (sq. ft)
51,401 SF

Location Insight

City
Hot Springs
County
Garland
State
Arkansas
Latitude
34.4937621
Longitude
-93.0902693
1608 Albert Pike Rd, Hot Springs, Arkansas

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1608 Albert Pike Rd
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