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Views: 143 DOM: 92 Updated: 11.11.24 Posted: 08.15.24 Status: Active

Summary

Price $1,500,000
Built/Renov 2006
Tenant Aaron's
Cap Rate 8.97%
Lease Type Double NN
Guarantor Corp Traded
Size/SF 8,000
Lease Start 08-01-2006
#Units 1,266
Price/SF $187.50
Expiration 11-30-2026
Tenant Type General Retail
NOI $134,477
R. Term 2.0
Ownership Fee Simple
Rent/SF $16.81
Increases 0.0%/0/yrs
Pop 5Mi 104,955
Lot/AC 1.40
Options 0/0yrs
AHHI 5Mi $59,070

Lease Highlights

  • Aaron's has been operating in this location since 2006
  • The tenant has 2 years remaining on the current lease term with no options to extend
  • NN lease | Minimal landlord responsibilities 
  • Corporate guaranteed lease

Location Description

Aaron's is strategically located on US Highway 280, with access to a daily traffic count of 40,942 vehicles. The property is adjacent to well-known national tenants such as NAPA, Big Lots, Family Dollar, Metro, Tractor Supply Co., and more. Key educational institutions in the vicinity include Phenix City Elementary School, Phenix City Intermediate School, and Central High School. The 5-mile...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Aaron's
  • Guarantor:Corp Traded
  • Company:Aaron's Company, Inc
  • # Units:1,266
  • Stock: NYSE: AAN

About Tenant

The Aaron's Company, Inc. (dba Aaron’s) is one of the leading providers of lease-to-own and retail purchase solutions of furniture, electronics, appliances, and other home goods. Founded in...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,306 39,465 99,972
2024 Total Population : 4,320 39,491 99,467
2024 Employed Civilian Pop : 1,856 16,440 41,834
2024 Total Businesses : 214 2,057 3,988
2024 Average Household Income : $ 44,251 $ 60,097 $ 70,499
2024 Total Consumer Spending : $ 74 M $ 905 M $ 2623 M
2024 Median Age : 35 36 37
2024 Total Households : 1,850 16,813 41,613
2024 Pop Age 25+: Bachelor's Degree : 330 3,203 8,964
2024 Average Home Value : $ 132,851 $ 205,110 $ 230,889
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
United States Highway 280 11th St 2018 39,324 0.11 mi
US Hwy 280 Phenix City N Byp 2020 38,062 0.12 mi
US 280;US 431 Carrington Pl 2021 38,062 0.12 mi
14th St US Hwy 280 2014 15,820 0.41 mi
14th Street 24th Ave 2021 16,591 0.45 mi
Crawford Road 17th Ave 2020 21,205 0.51 mi
Crawford Road 21st Ave 2021 21,205 0.51 mi
Crawford Road Hercules Dr 2021 28,346 0.53 mi
20th Avenue 14th St 2014 19,000 0.55 mi
US 80;US 280;US 431 16th Ave N 2021 40,942 0.57 mi

Listing Broker

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