OFFERING SUMMARY
Price: $1,356,387
CAP Rate: 7.75%
Lease Type: Absolute Net
Guarantor: Corporate
Gross Leasable Area: 10,000 SF
Year Built: 2005
OFFERING HIGHLIGHTS
- Brand-New Five-Year Extension
- Corporately Guaranteed Lease
- Absolute Net–No Management Responsibility
- Rental Increase in Year 4
- Close Proximity to Multiple National Retailers
INVESTMENT OVERVIEW
The subject property affords an incoming investor an ability to acquire a corporately guaranteed, Absolute Net Lease Aaron’s (NYSE: AAN) on a highly trafficked corridor in DeRidder, Louisiana. The tenant has successfully operated out of this location since 2006, and recently executed a five-year extension, further demonstrating their commitment to the location. As part of the extension, Aaron’s has also committed to investing $100,000 in improvements to the site within the first 6 months of the new lease.
Aaron’s has performed extremely well throughout the COVID-19 Pandemic, and has seen considerable stock growth over the last year. The company boasts a $1.22B market cap and is poised for continued growth while having a business model that is inherently recession resistant.
