Aaron’s

Tenant

Aaron's

Location

Huntsville , Alabama

Price

1,231,025

CAP Rate

8.00%

NOI

98,482

Lease Term

6.3 Years Remaining

Occupancy

100%

Building Size

11,947

Property Type

Single Tenant

Year Built

1977

Lot Size

1.38

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 Increases in 2020 that brings Cap Rate to 8.80%
  • High Traffic Location – 38,500 VPD
  • Over 99k People in 5 Miles
  • Four State Portfolio May be Sold Individually

Marcus & Millichap is pleased to exclusively present for sale a net leased corporately guaranteed 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. Each property has 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.