Miscellaneous
Aaron's
3200 Memorial Pkwy NW, Huntsville, AL 35810
Listing Price: $1,368,947
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
Financing By
Listing Price: $1,368,947
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
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Eddie Greenhalgh
Senior Vice President Investments