Absolute NNN> Investment Opportunity

5255 Twin City Highway Port Arthur, Texas 77642

  • 8,000 Square Feet
  • Retail
  • For Sale

Summary Description

Headquartered in Atlanta, Aaron’s, Inc. (NYSE: AAN) is a leader in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories, and currently has more than 2,000 Company-operated and franchised stores in 47 states and Canada. Progressive Leasing, a leading virtual lease-to-own company, provides lease-purchase solutions through approximately 17,000 retail locations in 46 states. Dent-A-Med, Inc. (DAMI), d/b/a the HELPcard®, provides a variety of second-look credit products that are originated through a federally insured bank. Aaron’s was founded in 1955, has been publicly traded since 1982 and owns the Aarons.com, ShopHomeSmart.com, ProgLeasing.com, and HELPcard.com brands

Building Size: 8,000 Square Feet

Area Available: 8,000 Square Feet

Purchase Price:

$1,288,000

Cap Rate:

7.0%

Year Built:

2009

NOI:

$90,200 annually

Square Footage:

8,000 SF

Features:

  • Free Standing Single Tenant Asset/ Aarons Rents, Inc.
  • Absolute NNN Lease / No Landlord Responsibilities
  • 10% rent increase in 2019
  • Located in one of Port Arthur’s busiest retail thoroughfares– Twin City Hwy
  • Strong Area Demographics / 85,756 Residents with average HH income of $59,211 within 5-mile radius.
  • Close to Wal-Mart Supercenter
  • Stable long term investment

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