Aaron’s

Tenant

Aaron's

Location

Anderson , South Carolina

Price

$1,440,000

CAP Rate

8.37%

NOI

$120,500

Lease Term

6.5 Years Remaining

Occupancy

100%

Building Size

8,345 SF

Property Type

Single Tenant

Year Built

2007

Lot Size

1.34

Status

Closed

Property Contacts:

Karly Iacono

Vice President

(201) 742-6119 | Email

JC Corr

Associate

(201) 742-6181 | Email

David Bitton

Associate

(201) 742-6173 | Email

  • NNN Lease – No Landlord Responsibility
  • Corporate Tenant (11AA Rating from Dun and Bradstreet)
  • Rental Increase in 2020 that brings Cap Rate to 8.80%
  • Located in the Greenville MSA – Over 1.2 Million People
  • Four State Portfolio May be Sold Individually

Marcus & Millichap is pleased to exclusively present for sale a net leased corporate tenant (Aaron’s) portfolio. The portfolio consists of four properties located in South Carolina, Alabama, New Mexico, and Texas. The properties may be purchased as a portfolio or individually. The average remaining lease term for the portfolio is 5.98 years. Three of the four properties feature true NNN leases with no landlord responsibility and 10% rental increases in 2020 that bring the portfolio cap rate to 8.74%. Each of the properties also have attractive rental increases in the numerous option periods.

Aaron’s is the leading omnichannel provider of lease-purchase solutions. The company engages in the sale and lease ownership of furniture, consumer electronics, home appliances, and accessories through its 1,800+ stores in the US and Canada. Aaron’s has the highest credit rating of 11AA from Dun and Bradstreet and is considered a strong internet resistant tenant.