Cap Rate: 7.50%
Gross Leasable Area: 8,000 SF
- Corporate, Absolute Net Lease
- Recent Lease Extension
- Strong Operating History
- Extremely Dense 5-Mile Population
- Prime Demographic for Business Model
Marcus & Millichap is pleased to present a recently extended, corporately guaranteed Aaron’s in Fort Worth, Texas. The absolute net provides an incoming investor with a hands-off management-free lease structure with a tenant that has been at the site for over fifteen years. Aaron’s corporate recently extended the lease for a period of five years**.
The property itself benefits from strong visibility, seeing nearly 28,000 vehicles per day, and has an extremely dense population within a two, five, and ten-mile radius of the site. Fort Worth, Texas has seen exponential growth in recent years and is part of the Dallas- Fort Worth metro area which continues to see an influx of capital from investors and developers from around the US and abroad.