Miscellaneous

Aaron's

8022 Preston Hwy, Louisville, KY 40219

Listing Price: $758,000

Cap Rate
9.25%
Tenant Name
Aaron's
Years Remaining On Lease
3.50
Gross SF
10,000
Guarantor
Corporate Guarantee
Rentable SF
10,000
Price/Gross SF
$75.80
Lease Type
Modified Gross
Rent Per Square Feet
$9.60

Investment Overview

The subject property is a freestanding Aaron’s located in Louisville, KY. The store is located on Preston Highway, one of the main retail thoroughfares in the area, boasting daily traffic of over 28,000 vehicles per day. Additional retailers in the immediate area include The Home Depot, Kroger, Best Buy, TJ Maxx, Walmart, Target and many more. The 10,000± square foot building was an original build-to-suit in 1999 for one of Aaron’s largest franchisees at the time. After exercising all three (3) renewal options at the tenant’s discretion, Aaron’s, Inc. took over operations and became the tenant in 2019. They signed a new 5-year term lease to continue operating this successful location.

Investment Highlights

  • RECENTLY EXTENDED LEASE | 3.5 YEARS REMAINING
  • LONG-TERM HISTORICAL TENANT OCCUPANCY | 20+ YEARS
  • EXCELLENT FRONTAGE AND VISIBILITY ON PRESTON HIGHWAY | 28,000+ VPD

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Listing Price: $758,000

Cap Rate
9.25%
Tenant Name
Aaron's
Years Remaining On Lease
3.50
Gross SF
10,000
Guarantor
Corporate Guarantee
Rentable SF
10,000
Price/Gross SF
$75.80
Lease Type
Modified Gross
Rent Per Square Feet
$9.60

Investment Highlights

  • RECENTLY EXTENDED LEASE | 3.5 YEARS REMAINING
  • LONG-TERM HISTORICAL TENANT OCCUPANCY | 20+ YEARS
  • EXCELLENT FRONTAGE AND VISIBILITY ON PRESTON HIGHWAY | 28,000+ VPD

Investment Overview

The subject property is a freestanding Aaron’s located in Louisville, KY. The store is located on Preston Highway, one of the main retail thoroughfares in the area, boasting daily traffic of over 28,000 vehicles per day. Additional retailers in the immediate area include The Home Depot, Kroger, Best Buy, TJ Maxx, Walmart, Target and many more. The 10,000± square foot building was an original build-to-suit in 1999 for one of Aaron’s largest franchisees at the time. After exercising all three (3) renewal options at the tenant’s discretion, Aaron’s, Inc. took over operations and became the tenant in 2019. They signed a new 5-year term lease to continue operating this successful location.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

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