Aaron's | Passive NNN Investment with Established Tenant | FOR SALE

Highlights:

• Passive NNN Investment with Established Tenant
• Strong Operator with Corporate Guaranteed Lease – Aaron’s Inc. operates over 1,300 locations across 47 states and Canada, and reports annual revenues in excess of $3.5 Billion.
• Zero Landlord Expense Responsibilities – The lease is absolute NNN, with the Tenant responsible for all property taxes, insurance, utilities, common area and building expenses, including the roof and HVAC. This provides investors with a truly passive ownership structure.
• Long-Term Operating History – Aaron’s Inc. has occupied the building since it was constructed in 2006.
• Strong Intrinsic Value and Below Market Rents – The Subject Property consists of a single 8,170 sq. ft. building on a ±1.15-acre lot. It has dedicated parking, driveway access and loading dock. At less than $14/sq. ft. rent and priced at under $165/sq. ft. of building and $27/sq. ft. land, the property offers long-term upside.
• Recent Lease Extension – The Tenant just signed a new five (5)-year lease extension with two (2), five (5)-year options to renew, showing its commitment to the location.
• Strong Sunbelt Growth Market and Location
• Strong Visibility at Major Intersection – Aaron’s is conveniently located at the intersection of US Highway 52 (25,500 CPD) and Pamplico Highway (30,800 CPD).
• Primary City in South Carolina – Florence is the county seat of Florence County, South Carolina. It is just about 80 miles east of Columbia, SC and 100 miles southeast of Charlotte, NC.
• Major Retail Corridor Location – Aaron’s is within blocks of several national businesses and retailers, including: Lowe’s, Walmart Supercenter, ALDI, McDonald’s, Food Lion, Walgreens, and the Regency Hospital of Florence.
• Strong Population & Business Growth – Florence County has experienced a population growth well over 30% since 2000. Several new industrial parks and facilities have recently been developed including a new Amazon facility.

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