Triple Net (NNN) Lease
For Sale
Contact for pricing
1600 E Broadway St, West Memphis, AR 72301
Triple net leased commercial building with zero landlord responsibilities and tenant renewal options for added lease security.
Property Size6,056 SF
Price / SF$82.56
Days on Market592
Property Features for 1600 E Broadway St
General Information
Standard status
Active
Size
6,056 SF
Property subtype
RETAIL
Additional Details
Outdoor Storage
Yes
Amenities
outdoor storage space
Building Details
Tenancy
Single
Listing Agency:
NNN Pro Group
(332) 345-2408
Listed By:
Glen Kunofsky · License #49KU1129178
(332) 345-4222
Source:
Moodyscre
Added: Jan 31, 2025
Changed: Sep 15
Last Checked: Sep 15 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NNN Pro Group
Investment Insights
Based on property information with market context.
This is an absolute triple net (NNN) lease property with zero landlord responsibilities. The lease includes a corporate guarantee supporting the tenant’s obligations, and it is structured with two five-year tenant renewal options.
The lease also provides for rental increases tied to option periods, with an eight percent (8%) rental increase in Option 1 and a five percent (5%) rental increase in Option 2. The property offers outdoor storage capacity backed by large underlying acreage, supporting operations that require substantial exterior space. The building is approximately 6,056 square feet.
The property’s corporate guarantee is referenced as covering 154+ units, and the underlying use is described in the remarks as a competitive used car-related operation. This combination of absolute NNN structure, renewal options, and outdoor storage capacity is positioned to support a recession-resistant operating model.
The lease also provides for rental increases tied to option periods, with an eight percent (8%) rental increase in Option 1 and a five percent (5%) rental increase in Option 2. The property offers outdoor storage capacity backed by large underlying acreage, supporting operations that require substantial exterior space. The building is approximately 6,056 square feet.
The property’s corporate guarantee is referenced as covering 154+ units, and the underlying use is described in the remarks as a competitive used car-related operation. This combination of absolute NNN structure, renewal options, and outdoor storage capacity is positioned to support a recession-resistant operating model.
Key Highlights
- Absolute triple net (NNN) lease with zero landlord responsibilities
- Corporate guarantee referenced as 154+ units
- 8% rental increase in Option 1
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
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Business Placement
Demographics for 72301, AR
24,479
Population
11,298
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
84%
High-School Grad
29.5 sq mi
ZIP Area
830
Density / Sq Mi
$41,932
Median Household Income
$30,410
Median Earnings
$848
Median Rent
$119,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - Triple net leased commercial building with zero landlord responsibilities and tenant renewal options for added lease security.
Where is this nnn property located?
The property is located at 1600 E Broadway St West Memphis, AR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Absolute triple net (NNN) lease with zero landlord responsibilities; Corporate guarantee referenced as 154+ units; 8% rental increase in Option 1
