Cap Rate: 6.75%
Gross Leasable Area: 7,912 SF
*See broker for additional details
- Corporately Guaranteed Lease
- Minimal Landlord Responsibilities
- Hard Corner on Highly Trafficked Corridor
- 21,000+ Residents within 5-Mile Radius
- 10 Percent Rental Increase Options
Situated on a hard corner along one of the most heavily trafficked corridors in Eugene, this corporately guaranteed Aaron’s property currently has over 5 years remaining on the primary lease term. As a testament to the strength of this store, Aaron’s corporate acquired this location from a seasoned Franchisee in 2018 and has successfully served the 200,000+ residents that live within 5 Miles of the site since 2009.
An incoming investor has the opportunity to acquire a very well-located asset leased to a corporate tenant who is known to have a recession-resistant business model. The minimal landlord responsibilities allow for ease of management and can also serve as an ideal 1031 Exchange Property.