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Aaron's

1070 N Pine St, DeRidder, LA 70634

Listing Price: $1,356,387

Cap Rate
7.75%
Tenant Name
Aaron's, Inc.
Years Remaining On Lease
5.0
Gross SF
10,000
Guarantor
Corporate Guarantee
Rentable SF
10,000
Price/Gross SF
$135.64
Lease Type
Absolute Net
Rent Per Square Feet
$10.51

Investment Overview

The subject property affords an incoming investor an ability to acquire a corporately guaranteed, Absolute Net Lease Aaron’s (NYSE: AAN) on a highly trafficked corridor in DeRidder, Louisiana. The tenant has successfully operated out of this location since 2006, and recently executed a five-year extension, further demonstrating their commitment to the location. As part of the extension, Aaron’s has also committed to investing $100,000 in improvements to the site within the first 6 months of the new lease. Aaron’s has performed extremely well throughout the COVID-19 Pandemic, and has seen considerable stock growth over the last year. The company boasts a $1.22B market cap and is poised for continued growth while having a business model that is inherently recession resistant.

Investment Highlights

  • Close Proximity to Multiple National Retailers
  • Corporately Guaranteed Lease
  • Absolute Net--No Management Responsibility
  • Rental Increase in Year 4

Exclusively Listed By

Financing By

Listing Price: $1,356,387

Cap Rate
7.75%
Tenant Name
Aaron's, Inc.
Years Remaining On Lease
5.0
Gross SF
10,000
Guarantor
Corporate Guarantee
Rentable SF
10,000
Price/Gross SF
$135.64
Lease Type
Absolute Net
Rent Per Square Feet
$10.51

Investment Highlights

  • Close Proximity to Multiple National Retailers
  • Corporately Guaranteed Lease
  • Absolute Net--No Management Responsibility
  • Rental Increase in Year 4

Investment Overview

The subject property affords an incoming investor an ability to acquire a corporately guaranteed, Absolute Net Lease Aaron’s (NYSE: AAN) on a highly trafficked corridor in DeRidder, Louisiana. The tenant has successfully operated out of this location since 2006, and recently executed a five-year extension, further demonstrating their commitment to the location. As part of the extension, Aaron’s has also committed to investing $100,000 in improvements to the site within the first 6 months of the new lease. Aaron’s has performed extremely well throughout the COVID-19 Pandemic, and has seen considerable stock growth over the last year. The company boasts a $1.22B market cap and is poised for continued growth while having a business model that is inherently recession resistant.

Exclusively Listed By

Financing By

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