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Aaron's

Listing Price: $600,000

Cap Rate
11.00%
Tenant Name
Aaron's, Inc.
Years Remaining On Lease
1.10
Gross SF
4,510
Guarantor
Corporate Guarantee
Rentable SF
4,510
Price/Gross SF
$133.04
Lease Type
Double Net
Rent Per Square Feet
$14.63

Investment Overview

Marcus & Millichap is pleased to present this corporately-guaranteed Aaron's in Gastonia, North Carolina. With 4,510 square feet of leased building space on 0.65 Acre, this property is ideally located directly on U.S. 29/74 near Interstate 85, the primary retail corridor in the city. The double-net lease affords investors minimal landlord responsibility with an 8.25 percent cap rate through 2021. The ability to renegotiate the lease at the end of the current term offers investors the potential to further increase returns. Demographics in the area provide a prime customer base for Aaron's, which has exercised multiple options renew since 2003.

Investment Highlights

  • Corporate Guarantee
  • Minimal Landlord Responsibilities
  • Major Retail Corridor

Exclusively Listed By

Listing Price: $600,000

Cap Rate
11.00%
Tenant Name
Aaron's, Inc.
Years Remaining On Lease
1.10
Gross SF
4,510
Guarantor
Corporate Guarantee
Rentable SF
4,510
Price/Gross SF
$133.04
Lease Type
Double Net
Rent Per Square Feet
$14.63

Investment Highlights

  • Corporate Guarantee
  • Minimal Landlord Responsibilities
  • Major Retail Corridor

Investment Overview

Marcus & Millichap is pleased to present this corporately-guaranteed Aaron's in Gastonia, North Carolina. With 4,510 square feet of leased building space on 0.65 Acre, this property is ideally located directly on U.S. 29/74 near Interstate 85, the primary retail corridor in the city. The double-net lease affords investors minimal landlord responsibility with an 8.25 percent cap rate through 2021. The ability to renegotiate the lease at the end of the current term offers investors the potential to further increase returns. Demographics in the area provide a prime customer base for Aaron's, which has exercised multiple options renew since 2003.

Exclusively Listed By

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