OFFERING SUMMARY
List Price: $1,316,129
CAP Rate: 7.75%
Lease Type: Double Net
Gross Leasable Area: 10,420 SF
Lot Size: 0.52 Acre
Year Built: 2002
OFFERING HIGHLIGHTS
- Corporately Guaranteed
- Brand-New Eight-Year Lease
- Sustainable Rent at $9.78 Per Square Foot
INVESTMENT OVERVIEW
Diffie Retail Team at Marcus & Millichap is pleased to present a corporately guaranteed Aaron’s in Klamath Falls, Oregon. The 10,420 SF building has been operated by a seasoned Aaron’s franchisee for over 10 years and has proved to be an extremely strong sales performer – a claim which is supported by the recent purchase of operations by Aaron’s corporate, where they signed up a brand new 8-Year NN Lease in the midst of the COVID-19 pandemic. Additionally, the building went through a significant renovation in 2019 with the replacement of the Roof, HVAC Units, and a significant interior renovation.
