Listed by NNN Retail Advisors
$1,272,300
Aaron's-Dallas/Fort Worth - Across from Walmart Supercenter
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 8,000
Net Rentable (SqFt) 8,000
Cap Rate 7%
NOI $89,064
Occupancy 100%
Tenancy Single
Brand/Tenant Aarons Furniture
Lease Type NN
Lease Term 10
Lease Expiration 12/31/2030
Remaining Term 4.6
Rent Bumps Yes
Lease Options 1-5 Year Option
Price per SqFt $159
Year Built 2015
Acreage 1.020
Investment Type Net Lease
Lease Commencement 11/18/2015
Ground Lease No
$1,272,000- 7% CAP - Across from Walmart Supercenter, Fast Growing Dallas/Fort Worth Area Suburb
Marketing description
- Across from 24-Hour Walmart Supercenter
- 65 Miles Northeast of Dallas/Fort Worth Metroplex -Path of Growth - McKinney and Princeton
- New 5-Year Lease Extension - BELOW MARKET RENT of $11.13/Square Foot
- Original 10-Year Lease - Operating at Location Since 2015
- Landlord Responsible for Structure Only
- The Aaron's Company is owned by IQVentures Holdings, LLC, a fintech and investment firm.
- 2015 Construction with Block Facade
- Located within Bonham’s Regional Trade Area Consisting of Approximately 40,000 Residents
- Highway 121 with 13,200 Cars/Day and Provides Direct Access to Dallas
- Surrounded by Several Schools with more than 2,000 Students
- Close Proximity to Sam Rayburn Memorial Veterans Center, Serving Over 100,000 Patients Annually
- Bonham is the County Seat and Commercial Center of Fannin County
- Next to Dollar Tree & Near National Retailers
- DFW Metroplex Trade Area
Investment highlights
The property is positioned directly across from a 24-hour Walmart Supercenter along Highway 121, which sees approximately 13,200 vehicles per day and provides direct access to the Dallas/Fort Worth Metroplex. Located roughly 65 miles northeast of Dallas/Fort Worth, Bonham continues to benefit from North Texas growth extending through McKinney and Princeton. The site serves a regional trade area of approximately 40,000 residents and is surrounded by schools, national retailers, and the Sam Rayburn Memorial Veterans Center. Bonham is the county seat and primary commercial hub of Fannin County, making the property a strong regional retail location within the expanding DFW trade area.
Listing Contacts
Listed by NNN Retail Advisors
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$89,064.00
$7,422.00/mo
Valuation Metrics
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DSCR
7%
Cap Rate
7%
ROI
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