1608 Albert Pike Rd Hot Springs, AR 71913
- Retail properties
- 3,426 SF
- 1.18 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1608 Albert Pike Rd
- Lot size
- 1.18 lot acres
- Property size
- 3,426 SF
- Property type
- Retail properties
- Property subtype
- Automotive properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,426 square foot retail car dealership located at 1608 Albert Pike Rd, Hot Springs, AR 71913. The property sits on a 1.18-acre lot and is currently 100% occupied by America's Car-Mart, a publicly traded company (NASDAQ: CRMT), under a triple-net (NNN) lease. 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 $61,521, representing a 7.25% cap rate on the asking price of $848,570. The lease includes a corporate guarantee from America's Car-Mart, mitigating risk for the investor. This is a single-tenant property with no landlord responsibilities. The lease features scheduled rent increases, providing potential for future income growth. This offering presents a compelling opportunity to acquire a stable, high-yield investment with a strong, publicly traded tenant in a desirable location. The property's size and location make it an attractive asset for long-term investment growth. The current lease provides a secure income stream with built-in rent escalations. This is a rare opportunity to acquire a well-performing NNN leased property with a strong tenant and significant remaining lease term.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.0903
- Latitude
- 34.4938
