Miscellaneous

Aaron's

Listing Price: $1,100,000

Cap Rate
8.74%
Tenant Name
Aaron's, Inc.
Years Remaining On Lease
2.10
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$91.67
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.01

Investment Overview

INVESTMENT HIGHLIGHTS
- Single-Tenant NNN corporately guaranteed Aarons (NYSE:AAN) with approximately 2.7 years remaining on an original 15-year Lease
- Only one (1), five (5) year option with a 10% increase - allows an investor the ability to negotiate a new Lease or re-develop the property
- Large lot size of 1.57 acres located at a traffic signal on N. Broadway - ADT of nearly 27,000 cars/day
- Low rent of $8.01/sf - 12,000 sf building - price/sf of only $91.67
- Aarons currently operates more than 1,500 locations throughout US and Canada - TTM sales of nearly $4 billion
- The property is located only 3 +/- miles from University of Tennessee - 29,460 students
- University of Tennessee has nearly 10,000 employees and it is estimated the school has a $1.7 billion impact on the states economy
- Knoxville is the 3rd largest MSA in the state of Tennessee with approximately 190,000 residents
- The property is located near a large Kroger/Goodwill/Save-a-Lot center, Walgreens, Firestone, CVS, Advance Auto, CVS, and Fulton High School (1,000 +/- students)
- Densely populated area - nearly 12,000 residents within 1 mile, 78,000 within 3 miles, and 157,000 within 5 miles

Investment Highlights

  • Single-Tenant NNN corporately guaranteed Aarons (NYSE:AAN)
  • Only one (1), five (5) year option with a 10% increase
  • Large lot size of 1.57 acres located at a traffic signal on N. Broadway

Exclusively Listed By

  • Brian Munn

    Senior Vice President Investments

    Email Brian

    License(s): GA: 263081

    Atlanta

Listing Price: $1,100,000

Cap Rate
8.74%
Tenant Name
Aaron's, Inc.
Years Remaining On Lease
2.10
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$91.67
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.01

Investment Highlights

  • Single-Tenant NNN corporately guaranteed Aarons (NYSE:AAN)
  • Only one (1), five (5) year option with a 10% increase
  • Large lot size of 1.57 acres located at a traffic signal on N. Broadway

Investment Overview

INVESTMENT HIGHLIGHTS
- Single-Tenant NNN corporately guaranteed Aarons (NYSE:AAN) with approximately 2.7 years remaining on an original 15-year Lease
- Only one (1), five (5) year option with a 10% increase - allows an investor the ability to negotiate a new Lease or re-develop the property
- Large lot size of 1.57 acres located at a traffic signal on N. Broadway - ADT of nearly 27,000 cars/day
- Low rent of $8.01/sf - 12,000 sf building - price/sf of only $91.67
- Aarons currently operates more than 1,500 locations throughout US and Canada - TTM sales of nearly $4 billion
- The property is located only 3 +/- miles from University of Tennessee - 29,460 students
- University of Tennessee has nearly 10,000 employees and it is estimated the school has a $1.7 billion impact on the states economy
- Knoxville is the 3rd largest MSA in the state of Tennessee with approximately 190,000 residents
- The property is located near a large Kroger/Goodwill/Save-a-Lot center, Walgreens, Firestone, CVS, Advance Auto, CVS, and Fulton High School (1,000 +/- students)
- Densely populated area - nearly 12,000 residents within 1 mile, 78,000 within 3 miles, and 157,000 within 5 miles

Exclusively Listed By

  • Brian Munn

    Senior Vice President Investments

    Email Brian

    License(s): GA: 263081

    Atlanta

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