Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    NNN Leased Oil Change Facility Title is generated by Realmo AI

    208 Willie Ray Drive, Cabot, AR 72023

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Single-tenant oil change facility with long-term absolute NNN lease.

    Type:Retail
    Property size:
    2,265 SF
    Lot size:
    1.27 Acres
    Price / SF:
    $1,045/SF
    Added:
    May 12, 2026
    Days on Market:
    16
    Last Refresh:
    May 14 at 9:14 pm

    Property Features for 208 Willie Ray Drive

    General Information

    Standard status
    Active
    Size
    2,265 SF
    Lot size
    1.27 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Jason Hernandez

    Listing agent Jason Hernandez License #CA 01392646

    Listing office Marcus & Millichap - Nashville

    Listing date May 12, 2026

    Source Crexi

    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 Marcus & Millichap - Nashville

    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.
    • Annual Rent Escalations: 1.5% annual rent increases provide predictable income growth.
    • Strategic Location: Located in a fast‑growing market with high visibility and traffic counts.
    • Strong Tenant: Leased to Clean Tech Ventures, LLC, an affiliate of Splash Car Wash & Oil Change.

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Splash Car Wash ... Auto Repair Shop Splash 10-Minute Oil ... Car Wash Splash Express Oil ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cabot
    County
    Lonoke
    State
    Arkansas
    Longitude
    -92.032454
    Latitude
    34.981741

    Nearby Similar for Sale

    • $970,000
      6,324 SF

      Commercial Property in Cabot, AR

      Leased commercial property with development potential in Cabot, Arkansas.
      3290 S 2nd Street, Cabot, AR 72023
      View Details
    • $509,000
      4,374 SF

      Cabot Duplex Investment Opportunity

      Two maintenance-free duplexes near schools, retail, and entertainment.
      57 Cardinal Lane, Cabot, AR 72023
      View Details
    • $725,000
      1,431 SF

      Turnkey Gas Station Convenience Store

      Gas station with convenience store setup in Cabot, Arkansas.
      815 S 2nd Street, Cabot, AR 72023
      View Details
    • $750
      800 SF

      Clean Office Space Available

      800 sq ft office space ready for rent.
      206 Plaza, Cabot, AR 72023
      View Details
    • $799,000
      8,720 SF

      Income-Producing Property in Cabot

      Fully occupied commercial property with long-term tenants in Cabot, Arkansas.
      818-822 S 2 St, Cabot, AR
      View Details
    • $725,000
      1,431 SF

      Turnkey Gas Station with Store

      Gas station with convenience store setup in Cabot, Arkansas.
      815 S 2nd St, Cabot, AR
      View Details
    • $3,900,000
      58,924 SF

      Church and School on 5 Acres

      58,924 SF church and school on 5.07 acres.
      1122 S 2nd St, Cabot, AR 72023
      View Details
    • $1,075,000
      18,360 SF

      Retail or Flex Building ForSale

      18,360 SF building on 1.26 acre lot.
      207 S 2nd, Cabot, AR
      View Details
    • $957,188
      10,545 SF

      Retail Space with New Roof

      Retail space featuring a new roof and below market rent.
      814 W Main St, Cabot, AR 72023
      View Details
    • $2,912,909
      1,893 SF

      Drive-Thru Restaurant For Sale

      Drive-thru restaurant with a 12-year lease and highway access.
      3090 Bill Foster Memorial Hwy, Cabot, AR
      View Details
    • $4,872,000
      5,360 SF

      New Car Wash NNN Lease

      New construction car wash with a 20-year NNN lease.
      208 Willie Ray Dr, Cabot, AR
      View Details
    • $15,000
      2,000 SF

      Restaurant Opportunity in Cabot, Arkansas

      Restaurant for sale with potential for increased revenue.
      1213 S 2ND Street, Cabot, AR 72023
      View Details

    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Hernandez
    Real Estate License ID: CA 01392646
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    208 Willie Ray Drive, Cabot, AR 72023
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!