OFFERING SUMMARY
Price: $1,796,885
Cap Rate: 7.5%
Gross Leasable Area: 8,056 SF
NOI: $134,766
OFFERING HIGHLIGHTS
- Rare, Original 20-Year Absolute Net Lease with 5+ Years Remaining
- Corporately Guaranteed Lease
- Complete “GenNext” Remodel in 2020
INVESTMENT OVERVIEW
The subject property affords an incoming investor the opportunity to acquire a rare, original 20-Year, Absolute Net Corporately Guaranteed Lease with just over 5 Years remaining on the primary term. The majority of Aaron’s leases of this vintage were 15- year leases, which speaks to the confidence Aaron has had in this site since inception. Additionally, the tenant underwent a complete Renovation at the tenant’s expense to the “GenNext” format in 2020.
The property is located along a highly trafficked corridor in Dayton, seeing over 20,000 VPD, and is in close proximity to a number of national retailers including Walmart, Dollar Tree, Verizon, and Lowes. Dayton sits approximately 35 miles north of Chattanooga, TN, and is poised for continual growth as the area continues to develop.
