Car-Mart - West Memphis, AR
SHOP Companies is pleased to offer for sale the absolute net leased America’s Car-Mart of West Memphis. This 6,056 SF retail building on 1.69 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 West Memphis is ideally positioned on US Highway 70 (13,000 VPD), connecting the subject location to Interstate 55 and Interstate 40. Interstate 55 connects the property to the Memphis International Airport and the heart of the city (population of over 628K). The dealership is just a few miles east on W Broadway from the academies of West Memphis High School (993 Students) and Arkansas State University Mid-South (1,203 Students).