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33826056
33826055

3050 Walnut Street, Portsmouth, OH 45662

BP
OH OH 352247
JLL - Cincinnati, Ohio
MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
Listed by JLL - Cincinnati, Ohio, JLL Chicago | Americas Headquarters
$1,472,000
1 day on market
Updated 1 day ago
Opportunity zone

Aaron's - Portsmouth, OH

Details
Property Type Retail
Square Footage 10,718
Cap Rate 8.00%
Occupancy 100%
Tenancy Single
Brand/Tenant Aaron's
Lease Type Absolute NNN
Lease Expiration 05/31/2030
Remaining Term 3.8
Rent Bumps Yes
Price per SqFt $11
Year Built 1997
Year Renovated 2007
Acreage 0.620
Ground Lease No

About This Property

Marketing description

Jones Lang LaSalleAmericas, Inc.(“JLL”) is pleased to offer the opportunity to acquire a 10,718 square foot freestanding, single-tenant Aaron’s located at 3050 Walnut Street in Portsmouth, Ohio (“Property” or “Asset”). Aaron’s has approximately 3.8 years of primary term remaining on an absolute NNN lease structure with 2.00% rent escalations annually, two (2), five-year renewal options and zero landlord responsibilities.

The Asset is 100% leased to Shining Star Ventures, Inc. (the “Tenant”), an Aaron’s franchisee and is a top performing asset within the highest 20% of the entire chain. Aaron’s, operates as a privately held provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods. Aaron’s maintains an extensive real estate footprint with over 1,200 stores operating throughout the United States and in Canada. Founded in 1955, the company was publicly traded from 1982 to 2024 and serves approximately 40-50% of the U.S. population with annual household incomes below $50,000.

The Property commands an exceptional location with immediate access to Gallia and Walnut Streets, capturing exposure to approximately 40,000 vehicles daily. This high-traffic arterial provides seamless connectivity throughout the tri-state region, ensuring consistent customer flow and maximum brand visibility for the national brand tenant.

Strategically positioned just three miles from Shawnee State University, ranked as the 39th Top Public School nationally by U.S. News & World Report, the Property benefits from proximity to the county's premier regional university. This positioning creates a stable demographic base and enhances the trade area's economic foundation through consistent enrollment and employment.

Additionally, the Property benefits from its location within 1.7 miles of the New Boston Walmart Center, Portsmouth's dominant retail destination generating over 3.7 million annual customer visits. This co-tenancy effect with the region's primary retail anchor drives substantial cross-shopping

Investment highlights

  • High-Performing Asset: Top 20% performing store in the entire chain
  • Surrounding Retail: Over 4.3 MSF of retail within 3-mile radius of the site
  • Ideal Lease Structure: Absolute NNN lease with zero landlord responsibilities
  • Direct Visibility: Prime access to high-traffic corridor with visibility to 40,000+ VPD
  • Growing Submarket: Over 13,000+ households within a 5-mile radius

Listing Contacts

BP
OH OH 352247
JLL - Cincinnati, Ohio
MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
Listed by JLL - Cincinnati, Ohio, JLL Chicago | Americas Headquarters

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Zoning

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C MixedMixed UseCorridor
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Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
BIll Poffenberger
License
OH 352247
Brokerage
JLL
Brokerage Phone
5132522107
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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