Rent-A-Center

Tenant

Rent-A-Center

Location

Snyder , Texas

Price

$982,000

CAP Rate

8.55%

NOI

$84,000

Lease Term

4.4 Years Remaining

Occupancy

100%

Building Size

7,000 SF

Property Type

Single Tenant

Year Built

2013

Lot Size

1.03

Status

Available

Property Contacts:

Karly Iacono

Vice President

(201) 742-6119 | Email

JC Corr

Associate

(201) 742-6181 | Email

David Bitton

Associate

(201) 742-6173 | Email

  • NN Corporately Guaranteed Lease
  • Subject Property Located on Snyder’s Main Thoroughfare
  • Average Vehicles per Day Exceeds 14,800
  • 3 Miles from Western Texas College
  • $72,006 Average Household Income
  • National Tenants nearby include CVS, McDonald’s, Family Dollar, AutoZone and more

Marcus and Millichap is pleased to exclusively present a Rent-A-Center in Snyder, TX. The property is subject to a NN corporately guaranteed lease. The lease is corporately guaranteed by Aaron’s. There are 4.4 years remaining on the base term and two 5 year option periods available. The lease calls for rental increases of $1 per square foot in each option period.

Rent-A-Center (RAC) is the number one rent-to-own chain nationwide. RAC has over 3,050 locations across all 50 states, Puerto Rico, Mexico and Canada. The company was founded in 1986 and is based in Plano, TX. Rent-A-Center offers some name-brand furniture, electronics, appliances and computers through flexible rental purchase agreements that allow the customer to obtain ownership of the merchandise at the conclusion of the agreed upon rental period.   Rent-A-Center provides an easy, affordable way for people to furnish their homes without incurring a continuing obligation and without needing access to credit.

The subject property is located in Snyder’s main thoroughfare where the average number of vehicles per day is 14,823. The property is surrounded by many national tenants including CVS, McDonald’s, Family Dollar, AutoZone and more. In addition, Western Texas College is located only 3 miles down the road  and has a student population of 2,394.