NNN Leased Oil Change
For Sale
$2,277,295
208 Willie Ray Dr, Cabot, AR 72023
Single-tenant oil change facility with long-term absolute NNN lease.
Property Size2,265 SF
Lot Size1.27 Acres
Price / SF$1,005
Days on Market116
Property Features for 208 Willie Ray Dr
General Information
Standard status
Active
Size
2,265 SF
Lot size
1.27 Acres
Property subtype
Auto Service - Gas-Conv
Lease Type
Absolute Net
Amenities
Rare NNN Lease with 15+ years remaining
1.5% rent increases annually Two (2), 5-year renewal options for extended income stability Predictable escalations deliver strong long-term yield growth
Excellent visibility and located directly in a prime retail location. High-traffic suburban corridor with strong demographics, above-average household incomes (~$102k in trade area).
Building Details
Building Size
2,265 SF
Listed By:
Jason Hernandez · License #License(s): CA: 01392646, TN: 377081
(615) 997-2834
Source:
Marcusmillichap
Added: May 14
Changed: Sep 6
Last Checked: Sep 6 at 3:54AM
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 Jason Hernandez
Investment Insights
Based on property information with market context.
This single-tenant property is an express oil change facility located at 208 Willie Ray Drive, Cabot, Arkansas. The modern, purpose-built lube center has a size of 2,265 square feet and sits on a 1.27-acre lot. It is fully leased to Clean Tech Ventures, LLC, an affiliate of Splash Car Wash & Oil Change. The tenant operates under a 20-year absolute NNN lease, which commenced on March 1, 2022, and expires on February 28, 2042, leaving approximately 15.9 years of the primary term remaining. The lease features 1.5% annual rent escalations and assigns 100% responsibility to the tenant for taxes, insurance, maintenance, roof, HVAC, and utilities. Personal guarantees from Paul and Lisa Stagg are included. The tenant also has two additional 5-year renewal options that are automatically exercised. The property benefits from excellent visibility and traffic counts on Willie Ray Drive. The express oil change use is defensive and essential, with strong operational crossover with the adjacent Splash Car Wash.
Key Highlights
- Absolute NNN Lease: Enjoy zero landlord responsibilities, tenant handles all expenses.
- Long‑Term Lease: Approximately 15.9 years remaining on a 20‑year lease, ensuring stable income.
- Attractive Cap Rate: 6.25% cap rate offers a strong return on investment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72023, AR
37,321
Population
14,901
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
94%
High-School Grad
98.2 sq mi
ZIP Area
380
Density / Sq Mi
$76,157
Median Household Income
$45,363
Median Earnings
$978
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Reflections Body Shop — 204 S 10th St, Cabot, AR 72023
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- My Garage Auto Repair LLC — 105 S 8th St, Cabot, AR 72023
- Walmart Auto Care Centers — 304 S Rockwood Dr, Cabot, AR 72023
- Caliber Collision — 13 Prospect Ct, Cabot, AR 72023
Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant oil change facility with long-term absolute NNN lease.
Where is this auto shop located?
The property is located at 208 Willie Ray Dr Cabot, AR.
What is the asking price?
The asking price for this property is $2,277,295.
What are key features of this property?
This property features: Absolute NNN Lease: Enjoy zero landlord responsibilities, tenant handles all expenses.; Long‑Term Lease: Approximately 15.9 years remaining on a 20‑year lease, ensuring stable income.; Attractive Cap Rate: 6.25% cap rate offers a strong return on investment.
