1600 Broadway AveWest Memphis, AR 72301

This exceptional investment opportunity presents a 6,056 square foot auto shop in West Memphis, Arkansas, situated on a 1.47-acre lot. The property boasts a strong 7.25% cap rate, generating a net operating income (NOI) of $48,907 annually. Currently operating under a triple-net (NNN) lease with a corporate guarantor, the lease commenced January 1, 2020, and has a remaining term of approximately 3.1 years. The lease includes two five-year renewal options, with rental increases of 8% in the first option and 5% in the second. The tenant, a well-established business with over 154 units, ensures consistent income and minimal landlord responsibilities. Built in 1988, the property offers significant outdoor storage space, adding to its overall value. The below-market rent provides a high degree of replacement potential, making this a resilient investment in a recession-resistant industry. The asking price is $674,579, translating to $111.39 per square foot. This property is an ideal addition to any diversified real estate portfolio.