OFFERING SUMMARY
Price: $1,131,400
Cap Rate: 7.00%
Gross Leasable Area: 25,900 SF
NOI: $79,200
OFFERING HIGHLIGHTS
- Corporately Guaranteed
- Zero Landlord Responsibilities
- Within A Highly Trafficked Retail Corridor
- 10 Percent Rental Increase Options
INVESTMENT OVERVIEW
Situated within one of the most heavily trafficked retail corridors in Laurens, this corporately guaranteed Aaron’s property recently secured a lease extension and now has over 5 years remaining on the primary lease term. As a testament to the strength of this store, Aaron’s corporate committed to re-doing the parking lot as part of the new lease extension on a site that serves the almost 10,000+ residents that live within the delivery zone of this site.
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. There are no landlord responsibilities which allows for ease of management and can also serve as an ideal 1031 Exchange Property.
