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Aaron's

21259 E Ocotillo Rd, Queen Creek, AZ 85142

Listing Price: $1,862,000

Cap Rate
6.50%
Tenant Name
Aaron's
Years Remaining On Lease
4.00
Guarantor
Corporate Guarantee
Rentable SF
7,101
Lease Type
Absolute Net
Rent Per Square Feet
$17.04

Investment Overview

Headquartered in Atlanta, Aaron’s, Inc. (NYSE: AAN), is a leading omnichannel provider of lease-purchase solutions. Progressive Leasing provides lease-purchase solutions through approximately 22,000 retail partner locations in 46 states and the District of Columbia, including e-commerce merchants. Aaron’s engages in the sales and lease ownership and specialty retailing of furniture, home appliances, consumer electronics and accessories through its approximately 1,400 company-operated and franchised stores in 47 states, Puerto Rico and Canada, as well as its e-commerce platform, Aarons.com. Queen Creek is a boom town, with exceptional climate, natural recreational riches and a relaxed, rural lifestyle. Population has nearly doubled since 2010. According to the most recent census, Queen Creek is the number one fastest growing city in the state of Arizona. The city boasts a vibrant economy with the third highest median income in Arizona’s Maricopa County. Queen Creek’s approximately 50,340 residents enjoy the benefits of small-town living close to a metropolitan area: low crime rates, easy commuting to and from metro Phoenix, excellent air quality and a variety of recreational activities.

Investment Highlights

  • Average Household Income Exceeds $112,000 within Three Miles of Subject Property
  • Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years
  • 123,611 Residents within a Five-Mile Radius - Phoenix MSA
  • Rapidly Growing Queen Creek Trade Area - Households and Population Projected to Increase Nearly 29 Percent in Three-Mile Radius by 2024
  • Situated in Queen Creek's Dominant Retail Corridor - Major Retailers Include Walmart, Target, PetSmart, Dollar Tree and Sprouts Farmers Market

Exclusively Listed By

Listing Price: $1,862,000

Cap Rate
6.50%
Tenant Name
Aaron's
Years Remaining On Lease
4.00
Guarantor
Corporate Guarantee
Rentable SF
7,101
Lease Type
Absolute Net
Rent Per Square Feet
$17.04

Investment Highlights

  • Average Household Income Exceeds $112,000 within Three Miles of Subject Property
  • Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 10 Percent Rental Increases Every Five Years
  • 123,611 Residents within a Five-Mile Radius - Phoenix MSA
  • Rapidly Growing Queen Creek Trade Area - Households and Population Projected to Increase Nearly 29 Percent in Three-Mile Radius by 2024
  • Situated in Queen Creek's Dominant Retail Corridor - Major Retailers Include Walmart, Target, PetSmart, Dollar Tree and Sprouts Farmers Market

Investment Overview

Headquartered in Atlanta, Aaron’s, Inc. (NYSE: AAN), is a leading omnichannel provider of lease-purchase solutions. Progressive Leasing provides lease-purchase solutions through approximately 22,000 retail partner locations in 46 states and the District of Columbia, including e-commerce merchants. Aaron’s engages in the sales and lease ownership and specialty retailing of furniture, home appliances, consumer electronics and accessories through its approximately 1,400 company-operated and franchised stores in 47 states, Puerto Rico and Canada, as well as its e-commerce platform, Aarons.com. Queen Creek is a boom town, with exceptional climate, natural recreational riches and a relaxed, rural lifestyle. Population has nearly doubled since 2010. According to the most recent census, Queen Creek is the number one fastest growing city in the state of Arizona. The city boasts a vibrant economy with the third highest median income in Arizona’s Maricopa County. Queen Creek’s approximately 50,340 residents enjoy the benefits of small-town living close to a metropolitan area: low crime rates, easy commuting to and from metro Phoenix, excellent air quality and a variety of recreational activities.

Exclusively Listed By

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