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America's Car Mart 1501 W Shawnee St 5,378 sq ft Retail Property Muskogee, OK 74401 £1,157,985 (£215.32/sq ft) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 8-Year Absolute Triple Net (NNN) Lease
- Strong Real Estate Fundamentals
- Strong Corporate Guarantee
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for an America's Car-Mart located at 1501 W Shawnee St, Muskogee, OK 74401. The site consists of roughly 5,378 rentable square feet of building space on an estimated 1.8617-acre parcel of land. This America's Car-Mart is subject to a 8-year Triple Net (NNN) lease, which commenced 1/1/2020. The current annual rent is $123,905 and has scheduled increases of 8.00% Option 1; 5.00% Option 2.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Car Dealership
Property Size
5,378 sq ft
Costar Property Class
C
Year Built
2009
Price
£1,157,985
Price per sq ft
£215.32
Yield
8%
NOI
£92,639
Tenancy
Single
Number of Floors
1
Plot ratio
0.07
Total Plot Size
1.86 ac
Use Class
F
Parking
9 Spaces (1.67 Spaces per 1,000 sq ft Leased)
Frontage
180 ft on U.S. 62
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
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America's Car Mart | 1501 W Shawnee St
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