OFFERING SUMMARY
Price: $926,316
Cap Rate: 9.50%
Gross Leasable Area: 8,000 SF
NOI: $88,000
OFFERING HIGHLIGHTS
- Absolute Net
- Corporate Guarantee
- Pad to Walmart
INVESTMENT OVERVIEW
The subject property is subject to a newly executed lease extension by Aaron’s Corporate, who has occupied the building since 2006. The property is a pad next to a Walmart and is surrounded by multiple national retailers along the primary retail corridor in Murphy, North Carolina.
The Absolute Net Lease has 5 Years remaining and provides an incoming investor or end user the opportunity to acquire a management-free asset at an above-market yield for the remainder of the lease term.
