Listed by Anchor Point Capital
$620,000
Absolute NNN Guaranty Aaron's | MSA, TN
Details
APN 089A F 00400
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 20,346
Units 1
Cap Rate 7.74%
NOI $48,000
Lease Type NNN
Lease Term 15
Lease Expiration 07/31/2027
Remaining Term 3
Price per SqFt $30
Year Built 1962
Stories 1
Acreage 0.500
Lease Commencement 12/15/2002
Ground Lease No
Sale Condition N/A
Absolute NNN | Zero Landlord Responsibilities
Marketing description
For more information contact:
- Chandler Dignam at [email protected]
- Gage Thomas at [email protected]
Excellent Single-Tenant Investment Opportunity
- Original 15 Year Lease; Recent 4 Year Extension
- Bite Sized Deal in Downtown Shelbyville, TN
- Corporate Guaranty from Aarons
- Public Company (NYSE: AAN)
- 1,300+ locations throughout the United States
- Absolute NNN; Zero Landlord Responsibilities
- 10% Increases in Each Option of the Two Remaining 2 Yr Option Periods
- Tenant Completed Exterior Renovations in 2022
- Significantly Below Market Rent; Tenant Currently Paying $2 PSF Annually
- Low Cost Basis and Price PSF of $30
Outstanding Location in Shelbyville, TN
- Located in Income Tax Free State of Tennessee
- Over 22,000 Cars per Day on Main Street
- Shelbyville is Located 25 Miles South of Murfreesboro, TN
- Located on the Central Retail Corridor of Shelbyville, Surrounding Retailers Include; United Grocery Outlet, Dollar General, Sherwin-Williams, Papa Johns, Napa Auto Parts, KFC, Arby’s
- Steady Population Growth; 16% in the last 10 years within 3 Miles
Investment highlights
For more information contact:
- Chandler Dignam at [email protected]
- Gage Thomas at [email protected]
Excellent Single-Tenant Investment Opportunity
- Original 15 Year Lease; Recent 4 Year Extension
- Bite Sized Deal in Downtown Shelbyville, TN
- Corporate Guaranty from Aarons
- Public Company (NYSE: AAN)
- 1,300+ locations throughout the United States
- Absolute NNN; Zero Landlord Responsibilities
- 10% Increases in Each Option of the Two Remaining 2 Yr Option Periods
- Tenant Completed Exterior Renovations in 2022
- Significantly Below Market Rent; Tenant Currently Paying $2 PSF Annually
- Low Cost Basis and Price PSF of $30
Outstanding Location in Shelbyville, TN
- Located in Income Tax Free State of Tennessee
- Over 22,000 Cars per Day on Main Street
- Shelbyville is Located 25 Miles South of Murfreesboro, TN
- Located on the Central Retail Corridor of Shelbyville, Surrounding Retailers Include; United Grocery Outlet, Dollar General, Sherwin-Williams, Papa Johns, Napa Auto Parts, KFC, Arby’s
- Steady Population Growth; 16% in the last 10 years within 3 Miles
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,000.00
$4,000.00/mo
Valuation Metrics
0
DSCR
7.74%
Cap Rate
7.74%
ROI
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