Listed by Matthews
$1,227,586
Aaron's | Idaho Falls, ID
Details
Property Type Retail
Sub Type Storefront
Square Footage 10,010
Cap Rate 7.25%
NOI $89,000
Occupancy 100%
Tenancy Single
Brand/Tenant Aarons Furniture
Lease Type NNN
Lease Term 15
Lease Expiration 10/31/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options Three, 5-Year Options
Year Built 2007
Acreage 0.970
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2015
Ground Lease No
Ownership Fee Simple
11.25% Increase in 2028 | 7% Population Growth
Marketing description
Aaron's, LLC is a national leader in the lease-to-own retail sector, specializing in furniture, electronics, appliances, and home goods. With roots dating back to 1955, the company operates over 1,200 locations across the U.S. and Canada, including both corporate-owned and franchised stores. Headquartered in Atlanta, Georgia, Aaron's leverages an omnichannel platform that blends a strong brick-and-mortar footprint with digital accessibility, serving a diverse customer base with flexible, credit-friendly payment options. The brand is well-known in the lease-to-own space and maintains steady demand due to its focus on necessity-based products and credit-challenged consumers.
Investment highlights
- ± 4.25-Years remaining on the base term of the lease
- Retail NNN lease with landlord responsibilities limited to roof and structure
- Aaron's extended this lease early in 2025 for an additional 5 years
- Attractive 11.25% rent increase coming in 2028, with subsequent 10% increases in the option periods
- 3-Mile population of 75,239 residents | 5-Mile population of 117,498 residents
- Estimated population growth of 7.12% over the next 5-years
- Strong traffic counts of 29,000 vehicles daily on East 17th Street
- Affluent demographics with an average household income of $105,540 annually
- Situated within a dense commercial corridor featuring national retailers such as Lowe's, Harbor Freight, Natural Grocers, McDonald's, AutoZone, and many others
- Aaron's, LLC is a leading lease-to-own retailer specializing in furniture, electronics, appliances, and home goods
- Founded in 1955 and headquartered in Atlanta, Georgia
- Operates over 1,200 stores across the U.S. and Canada through corporate and franchised locations
- Provides flexible payment solutions for credit-challenged consumers, supporting consistent demand across economic cycles
- Omnichannel platform combines a national brick-and-mortar presence with e-commerce capabilities
- Benefits from strong brand recognition, a broad customer base, and resilient performance in necessity-driven retail sectors
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,000.04
$7,416.67/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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