OFFERING SUMMARY
Price: $1,600,000
Cap Rate: 8.25%
NOI: $132,000
Gross Leasable Area: 11,440 SF
OFFERING HIGHLIGHTS
- Absolute net corporate lease – Corporate guarantee by Aaron’s Corp. with an absolute net lease provides no landlord responsibilities.
- Brand new 3-year extension – The tenant recently executed a 3-year extension for this property, showing continued commitment to the location.
- 2022 remodel – The building was renovated in 2022, at tenants expense, to feature the new modern Aaron’s branding and look.
- Strong population – With 176,000+ residents and 74,000+ households within 5 miles, there is an ample customer base for the tenant.
- Attractive rent/sf – At $11.54 rent p/sf and rental increases every 5 years in options, this property is perfect for both new and experienced investors
