4006 Towson Ave Fort Smith, AR 72901-7540

This exceptional investment opportunity presents a 5,663 square foot auto shop in Fort Smith, Arkansas, situated on a 2.59-acre lot. The property boasts a triple-net (NNN) lease with America's Car-Mart, a corporate-guaranteed tenant, ensuring minimal landlord responsibilities. The current lease, initiated January 1st, 2020, and expiring December 31st, 2027, has a remaining term of approximately 3.1 years. The annual net operating income (NOI) stands at $65,417, representing a 7.00% cap rate on the $934,529 asking price, or $165.02 per square foot. The lease includes two five-year renewal options, with an 8% rent increase in the first and a 5% increase in the second. Built in 1987, this property offers significant outdoor storage space, making it an attractive and resilient investment in a recession-resistant industry. The property's below-market rent further enhances its investment potential, offering a highly replaceable income stream. The location is 4006 Towson Ave, Fort Smith, AR 72901. This is a single-tenant property with 100% occupancy.