5900 University AveLittle Rock, AR 72209

For Sale
$955,966

Net-leased auto shop, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
92
This fee-simple retail property presents a compelling investment opportunity. Located at 5900 S University Ave, Little Rock, AR 72209, this 4,353 square foot auto shop sits on a 1.45-acre lot. The property is currently leased to America's Car-Mart under an absolute triple-net (NNN) lease, eliminating landlord responsibilities. The lease commenced January 1, 2020, and has a remaining term of approximately 3.1 years, expiring December 31, 2027. The current annual net operating income (NOI) is $66,918, representing a 7.00% cap rate on the asking price of $955,966 ($219.61 per square foot). The lease includes two five-year renewal options, with rental increases of 8% (Option 1) or 5% (Option 2). The property boasts significant outdoor storage space, adding to its value. Built in 1994, this investment benefits from a corporate guarantee from a company with 154+ units, making it a low-risk, recession-resistant opportunity in a competitive car market. The below-market rent provides significant upside potential for future rent increases. This property offers a strong return on investment with a highly replaceable tenant and minimal landlord responsibilities.

Highlights

  • Absolute Triple-Net (NNN) lease; zero landlord responsibilities.
  • Corporate guarantee from a company with 154+ units.
  • Two five-year tenant renewal options with 8% or 5% rental increases.
  • 1.45-acre lot with significant outdoor storage.
  • Below-market rent with a highly replaceable tenant.
  • Recession-resistant investment; supplements used car sales.

Property Details for 5900 University Ave

Property type
Other retail properties, Automotive properties
Square Feet
4,353 SF
Year Built
1994
Lot Size (sq. ft)
63,162 SF

Location Insight

City
Little Rock
County
Pulaski
State
Arkansas
Latitude
34.6958367
Longitude
-92.3471523
5900 University Ave, Little Rock, Arkansas

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5900 University Ave
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