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Miscellaneous

Aaron's

3200 Memorial Pkwy NW, Huntsville, AL 35810

Listing Price: $1,368,947

Cap Rate
7.91%
Tenant Name
Aaron's
Years Remaining On Lease
5.6
Gross SF
11,947
Guarantor
Corporate Guarantee
Rentable SF
11,947
Price/Gross SF
$114.59
Lease Type
Absolute Net
Rent Per Square Feet
$9.07

Investment Overview

Presenting a prime net-lease investment opportunity at 3200 Memorial Pkwy NW, Huntsville, AL, featuring a well-established Aaron's Rent-to-Own location. Built in 1990, this 11,947 square-foot building has been leased by Aaron's since 2010, reflecting their long-term commitment to the location.

The current lease has 5.5 years remaining, with one scheduled 10% rent increase during the term, ensuring stable and growing income. Additionally, the lease contains four 5-year extension options, each with 10% rent increases, offering the potential for long-term income growth and security.

This property provides investors with a reliable tenant, a proven business model, and favorable lease terms in a growing Huntsville market, making it an ideal addition to any real estate portfolio.

Investment Highlights

  • Absolute Net Lease (NNN)
  • 5.6 Years Remaining
  • 10% Increase during current term
  • Four 5-Year Options
  • 10% Increases in each of the 5-Year Options

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Listing Price: $1,368,947

Cap Rate
7.91%
Tenant Name
Aaron's
Years Remaining On Lease
5.6
Gross SF
11,947
Guarantor
Corporate Guarantee
Rentable SF
11,947
Price/Gross SF
$114.59
Lease Type
Absolute Net
Rent Per Square Feet
$9.07

Investment Highlights

  • Absolute Net Lease (NNN)
  • 5.6 Years Remaining
  • 10% Increase during current term
  • Four 5-Year Options
  • 10% Increases in each of the 5-Year Options

Investment Overview

Presenting a prime net-lease investment opportunity at 3200 Memorial Pkwy NW, Huntsville, AL, featuring a well-established Aaron's Rent-to-Own location. Built in 1990, this 11,947 square-foot building has been leased by Aaron's since 2010, reflecting their long-term commitment to the location. The current lease has 5.5 years remaining, with one scheduled 10% rent increase during the term, ensuring stable and growing income. Additionally, the lease contains four 5-year extension options, each with 10% rent increases, offering the potential for long-term income growth and security. This property provides investors with a reliable tenant, a proven business model, and favorable lease terms in a growing Huntsville market, making it an ideal addition to any real estate portfolio.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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