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Electronics

Aaron's | Springfield, OH | NNN Lease | Strong Demographics

2425 E Main St, Springfield, OH 45503

Listing Price: $593,400

Cap Rate
8.00%
Tenant Name
Aaron's
Years Remaining On Lease
2.8
Guarantor
Corporate Guarantee
Rentable SF
7,590
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.25

Investment Overview

Marcus and Millichap is pleased to present the Aaron’s located in Springfield, Ohio. The offering is a 7,590-square-foot single-tenant, freestanding building that was built in 1948 on approximately 0.39-acres. There are three years remaining on a 10-year triple-net lease with four, five-year renewal options and rental increases in each option. The landlord is responsible for the roof only. The property recently had two new HVAC units installed in 2020 and in 2021. The subject property is located along US-40/East Main Street in Springfield which sees over 11,000 vehicles per day and is the main thoroughfare of Springfield. It is situated in a dense retail corridor near multiple national retail tenants such as Wendy’s, McDonald’s, CVS, Walgreens, AutoZone, Kroger, and Walmart Supercenter. Springfield is located 45 minutes from downtown Columbus and 35 minutes from Dayton.

Investment Highlights

  • Three Years Remaining on a 10-Year Triple-Net Lease with Four, Five-Year Options
  • Rental Increases in Each Option
  • Billboard Lease on the Property Provides an Additional Income of $1,320 Annually
  • New HVAC Units Installed in 2020 and 2021
  • Strong Visibility in a High Traffic Area Along US-40/E Main Street (Over 11,000 Vehicles per Day)
  • Located Near Multiple National Tenants Such as Wal-Mart Supercenter, McDonald's, CVS, Walgreens, Kroger, AutoZone, and More
  • Strong Demographics: Population Exceeds 79,000 Within a Five-Mile Radius
  • Landlord Responsible for Roof Only

Exclusively Listed By

Financing By

Electronics

Aaron's | Springfield, OH | NNN Lease | Strong Demographics

Listing Price: $593,400

Cap Rate
8.00%
Tenant Name
Aaron's
Years Remaining On Lease
2.8
Guarantor
Corporate Guarantee
Rentable SF
7,590
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.25

Investment Highlights

  • Three Years Remaining on a 10-Year Triple-Net Lease with Four, Five-Year Options
  • Rental Increases in Each Option
  • Billboard Lease on the Property Provides an Additional Income of $1,320 Annually
  • New HVAC Units Installed in 2020 and 2021
  • Strong Visibility in a High Traffic Area Along US-40/E Main Street (Over 11,000 Vehicles per Day)
  • Located Near Multiple National Tenants Such as Wal-Mart Supercenter, McDonald's, CVS, Walgreens, Kroger, AutoZone, and More
  • Strong Demographics: Population Exceeds 79,000 Within a Five-Mile Radius
  • Landlord Responsible for Roof Only

Investment Overview

Marcus and Millichap is pleased to present the Aaron’s located in Springfield, Ohio. The offering is a 7,590-square-foot single-tenant, freestanding building that was built in 1948 on approximately 0.39-acres. There are three years remaining on a 10-year triple-net lease with four, five-year renewal options and rental increases in each option. The landlord is responsible for the roof only. The property recently had two new HVAC units installed in 2020 and in 2021. The subject property is located along US-40/East Main Street in Springfield which sees over 11,000 vehicles per day and is the main thoroughfare of Springfield. It is situated in a dense retail corridor near multiple national retail tenants such as Wendy’s, McDonald’s, CVS, Walgreens, AutoZone, Kroger, and Walmart Supercenter. Springfield is located 45 minutes from downtown Columbus and 35 minutes from Dayton.

Exclusively Listed By

Financing By

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