Listed by Trinity Real Estate Investment Services
$630,995
Aaron's
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 16,000
Cap Rate 8%
NOI $50,480
Tenancy Single
Brand/Tenant Aarons Furniture
Lease Type Absolute NNN
Lease Term 22.1
Lease Expiration 05/31/2028
Remaining Term 1.9
Rent Bumps Yes
Lease Options One (1), 5-Year, 10%
Price per SqFt $39
Year Built 1985
Acreage 0.840
Investment Type Net Lease
Lease Commencement 05/04/2006
Ground Lease No
Retail | 8.0% CAP | 16,000 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire an Aaron's in Texarkana, TX. This property offers a low price point with an Absolute NNN corporate lease, providing zero landlord responsibilities, and features a very low rent deal with the tenant paying just over $3.15 per square foot.
Property Website: https://trinityreis.com/listing/2305-texas-blvd/
Investment highlights
- Low Price Point Absolute NNN Lease Aaron's in the Heart of Texarkana, TX
- Absolute NNN Corporate Lease – Zero Landlord Responsibilities
- Very Low Rent Deal - Tenant Paying Just Over $3.15/PSF
- Highly Visible Frontage on Texas Blvd With 10,000+ Vehicles Passing Daily
- 73,000+ Residents Within 5 Miles of Subject Property
- Less Than 2 Miles From Several Local Traffic Generators Including Texas High School, Downtown Texarkana, Texas-Arkansas State Line Post Office Landmark, Residential Neighborhoods & New Development Lofts at Hotel Grim
- Texarkana MSA Population is Over 146,000 Residents
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,480.00
$4,206.67/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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