Property Name

Car-Mart - Fort Smith, AR

GLA 5,663 SF

Property Description

SHOP Companies is pleased to offer for sale the absolute net leased America's Car-Mart of Fort Smith. This 5,663 SF retail building on 2.97 acres is operated as an America's Car-Mart (NASDAQ: CRMT), one of the largest publicly held car dealerships in the United States. The in-place corporate lease, which commenced January 1, 2020, has 4+ years remaining on the current 8-year term with two remaining 5-year options to renew.

Car-Mart of Fort Smith is ideally positioned off Towson Avenue, just 1.5 hours south of America's Car-Mart Corporate Headquarters in Rogers, Arkansas. The property is on US Highway 71 (21,000 VPD), connecting the subject location to US Highway 64, 271, as well as Interstate 540. The dealership is located in a strong retail corridor with surrounding national tenants, including McDonald's, Taco Bell, Sonic Drive-In, O'Reilly Auto Parts, AutoZone Auto Parts, United Rentals, and more. Northwest Arkansas cities continue to grow rapidly above the national average. The region's population has dramatically increased over the past decade, growing by 20% since 2010. The most recent census data shows the region experiences a net population gain of 30 people per day.