Discount
Aaron's
700 J Clyde Morris Blvd, Newport News, VA 23601
Listing Price: $1,600,000
Investment Overview
Corporately guaranteed, absolute net lease Aaron's located in Newport News, VA. Tenant recently executed a 3-year extension and completed a remodel of the building in 2022 at their expense. Newport News boasts strong population counts with over 176,000 residents within 5 miles.
Aaron's
Investment 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
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Listing Price: $1,600,000
Investment 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
Investment Overview
Corporately guaranteed, absolute net lease Aaron's located in Newport News, VA. Tenant recently executed a 3-year extension and completed a remodel of the building in 2022 at their expense. Newport News boasts strong population counts with over 176,000 residents within 5 miles.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
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