OFFERING SUMMARY
Price: $898,500
Cap Rate: 8.68%
Gross Leasable Area: 8,000 SF
NOI: $78,000
OFFERING HIGHLIGHTS
- Recent Lease Extension
- Corporate Guaranteed Lease
- Minimal Landlord Responsibilities
- Located Along Strong Retail Corridor
INVESTMENT OVERVIEW
The subject offering provides qualified investors with the opportunity to acquire a well-located Aaron’s location in Batesville, Mississippi. This corporate Aaron’s property is located along the primary East-West thoroughfare which sees 28,000 vehicles per day. The tenant has been operating at this site since its inception in 2005 and recently extended the lease by an additional seven years, indicative of their long-term commitment to the site. The lease provides minimal landlord responsibilities and affords an incoming investor a low management asset in a prime demographic for the tenant’s business model.
This subject property has low competition with the next closest Aaron’s location being 37 miles away. Located in Panola County, Batesville is only 23 miles east of Oxford, Mississippi (home of “Ole Miss” or The University of Mississippi) and 60 miles south of Memphis, Tennessee. It is a popular stopping point for travelers on their way south to Jackson, Mississippi, or New Orleans, Louisiana.
