1610 Hillsboro St El Dorado, AR 71730
- Commercial real estate
- 5,040 SF
Current Use by Public Records
- Car-Mart of El Dorado / Used Car Dealer / Car Finance And Loan Company
Property Details for 1610 Hillsboro St
- Property size
- 5,040 SF
- Property type
- Commercial real estate
- APN
- 04783-00336-0401
- APU
- 4783003360401
Description
This El Dorado, Arkansas auto shop presents a compelling investment opportunity. The 5,010 square-foot building sits on a 3.14-acre lot and is currently 100% occupied under an absolute triple-net (NNN) lease with a corporate guarantor. The lease, initiated January 1, 2020, has a remaining term of approximately 3.1 years, with two five-year renewal options. The property boasts significant outdoor storage space and benefits from below-market rent, making it highly replaceable. The strong tenant history and built-in rent increases offer excellent long-term returns. Built in 2008, this property offers a 7.25% cap rate and a current NOI of $135,986. The asking price is $1,875,669.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Dorado
- County
- Union
- State
- Arkansas
- Longitude
- -92.6839
- Latitude
- 33.208
- CBSA code
- 20980
- CBSA name
- EL DORADO, AR MICROPOLITAN STATISTICAL AREA