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Miscellaneous

Aaron's

2102 West State Street, Alliance, OH 44601

Listing Price: $1,135,000

Cap Rate
7.72%
Tenant Name
Aaron's
Years Remaining On Lease
4.9
Gross SF
11,970
Guarantor
Corporate Guarantee
Rentable SF
11,970
Price/Gross SF
$94.82
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.33

Investment Overview

Marcus & Millichap is pleased to present this Aaron’s store located at 2102 West Main Street in Alliance, Ohio. This property is located almost directly across the street from a Kohl’s anchored shopping center and less than one-mile from a Wal Mart Supercenter and a Lowe’s Home Improvement center with other national retailers located on this same street. Aaron’s just completed a 15 year lease term and exercised their first 5 year option with 2-five year options remaining that call for a 10% fixed rent increase at the beginning of each option period. Population within a 5-mile radius of the subject property is reported at 34,127 with an Average Household Income of $56,709 within this same radius. Alliance is located just 22 miles from Canton, Ohio and 34 miles from Akron, Ohio.

Investment Highlights

  • Absolute NNN corporate lease with Aaron's (NYSE:AAN)
  • Recent 5-year lease extension with Seasoned tenant
  • Property situated on large parcel allowing for potential building expansion

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $1,135,000

Cap Rate
7.72%
Tenant Name
Aaron's
Years Remaining On Lease
4.9
Gross SF
11,970
Guarantor
Corporate Guarantee
Rentable SF
11,970
Price/Gross SF
$94.82
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.33

Investment Highlights

  • Absolute NNN corporate lease with Aaron's (NYSE:AAN)
  • Recent 5-year lease extension with Seasoned tenant
  • Property situated on large parcel allowing for potential building expansion

Investment Overview

Marcus & Millichap is pleased to present this Aaron’s store located at 2102 West Main Street in Alliance, Ohio. This property is located almost directly across the street from a Kohl’s anchored shopping center and less than one-mile from a Wal Mart Supercenter and a Lowe’s Home Improvement center with other national retailers located on this same street. Aaron’s just completed a 15 year lease term and exercised their first 5 year option with 2-five year options remaining that call for a 10% fixed rent increase at the beginning of each option period. Population within a 5-mile radius of the subject property is reported at 34,127 with an Average Household Income of $56,709 within this same radius. Alliance is located just 22 miles from Canton, Ohio and 34 miles from Akron, Ohio.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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