208 Willie Ray Drive Cabot, AR 72023

Building Details

Year Built

2021

Listing office Marcus & Millichap - Nashville

Listing date May 12, 2026

Source Crexi

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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.

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FAQs

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 Drive Cabot, AR.

What is the asking price?

The asking price for this property is $2,368,386.

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.