5900 University Ave Little Rock, AR 72209-2152
- Automotive properties
- 4,365 SF
- 1.60 lot acres
Current Use by Public Records
- Car-Mart of Little Rock / Used Car Dealer / Car Finance And Loan Company
Property Details for 5900 University Ave
- Year built
- 1994
- Lot size
- 1.60 lot acres
- Property size
- 4,365 SF
- Property type
- Automotive properties
- APN
- 44L-165-00-012-00
- APU
- 44L1650001200
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $775,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $725,000
- 6.5%
- $700,000
- 7%
- $670,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $685,000
- Geo Method
- $700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $630,000
- Retail
- $715,000
- Mixed-Use
- $715,000
- Hospitality
- $675,000
- Educational
- $665,000
- Residential Income
- $820,000
- Energy
- $675,000
- Income-Based Land
- $605,000
- Food Service
- $610,000
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.3468
- Latitude
- 34.6959
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
