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Department Store

Aaron's

2939 Rhea County Hwy, Dayton, TN 37321

Listing Price: $1,796,885

Cap Rate
7.50%
Tenant Name
Aarons
Years Remaining On Lease
5.1
Gross SF
8,056
Guarantor
Corporate Guarantee
Rentable SF
8,056
Price/Gross SF
$223.05
Lease Type
Absolute Net
Rent Per Square Feet
$16.73

Investment Overview

The subject property affords an incoming investor the opportunity to acquire a rare, original 20-Year, Absolute Net Corporately Guaranteed Lease with just over 5 Years remaining on the primary term. The majority of Aaron’s leases of this vintage were 15-year leases, which speaks to the confidence Aaron has had in this site since inception. Additionally, the tenant underwent a complete Renovation at the tenant’s expense to the “GenNext” format in 2020. The property is located along a highly trafficked corridor in Dayton, seeing over 20,000 VPD, and is in close proximity to a number of national retailers including Walmart, Dollar Tree, Verizon, and Lowes. Dayton sits approximately 35 miles North of Chattanooga, TN, and is poised for continual growth as the area continues to develop.

Investment Highlights

  • Rare, Original 20 Year Absolute Net Lease
  • Corporately Guaranteed Lease
  • Complete "GenNext" remodel in 2020
  • Recession Resistant Business Model

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Department Store

Aaron's

Listing Price: $1,796,885

Cap Rate
7.50%
Tenant Name
Aarons
Years Remaining On Lease
5.1
Gross SF
8,056
Guarantor
Corporate Guarantee
Rentable SF
8,056
Price/Gross SF
$223.05
Lease Type
Absolute Net
Rent Per Square Feet
$16.73

Investment Highlights

  • Rare, Original 20 Year Absolute Net Lease
  • Corporately Guaranteed Lease
  • Complete "GenNext" remodel in 2020
  • Recession Resistant Business Model

Investment Overview

The subject property affords an incoming investor the opportunity to acquire a rare, original 20-Year, Absolute Net Corporately Guaranteed Lease with just over 5 Years remaining on the primary term. The majority of Aaron’s leases of this vintage were 15-year leases, which speaks to the confidence Aaron has had in this site since inception. Additionally, the tenant underwent a complete Renovation at the tenant’s expense to the “GenNext” format in 2020. The property is located along a highly trafficked corridor in Dayton, seeing over 20,000 VPD, and is in close proximity to a number of national retailers including Walmart, Dollar Tree, Verizon, and Lowes. Dayton sits approximately 35 miles North of Chattanooga, TN, and is poised for continual growth as the area continues to develop.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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