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Department Store

Aaron's

2338 US-19, Murphy, NC 28906

Listing Price: $1,005,715

Cap Rate
8.75%
Tenant Name
Aarons
Years Remaining On Lease
5.1
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$125.71
Lease Type
Absolute Net
Rent Per Square Feet
$11.00

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.

Investment Highlights

  • Absolute Net
  • Corporate Guarantee
  • Pad Next to Walmart

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Department Store

Aaron's

Listing Price: $1,005,715

Cap Rate
8.75%
Tenant Name
Aarons
Years Remaining On Lease
5.1
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$125.71
Lease Type
Absolute Net
Rent Per Square Feet
$11.00

Investment Highlights

  • Absolute Net
  • Corporate Guarantee
  • Pad Next 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.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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