Aaron’s
Gastonia, NC

OFFERING SUMMARY

Price: $650,000
CAP Rate: 10.15%
Lease Type: Double Net
Guarantor: Corporate
Gross Leasable Area: 4,510 SF
Year Built: 1958

 

OFFERING HIGHLIGHTS
  • Corporately-Guaranteed Double Net Lease
  • Minimal Landlord Responsibilities
  • Major Retail Corridor
  • Publicly Traded Tenant (NYSE: AAN)
  • Favorable Demographics
  • Long-Term Tenant Relationship
INVESTMENT OVERVIEW

The Diffie Retail Team of Marcus & Millichap is pleased to present this corporately-guaranteed Aaron’s in Gastonia, North Carolina. With 4,510 square feet of leased building space on 0.65 Acre, this property is ideally located directly on U.S. 29/74 near Interstate 85, the primary retail corridor in the city. The double-net lease affords investors minimal landlord responsibility with a 10.15 percent cap rate through 2021. The ability to renegotiate the lease at the end of the current term offers investors the potential to further increase returns. Demographics in the area provide a prime customer base for Aaron’s, which has exercised multiple options renew since 2003.

Gastonia Aaron's

$650K | Active Listings | Charlotte MSA | Single Tenant | STNL | Under Contract