Net Lease Aaron’s Property Profile and Cap Rates

Net Lease Aaron’s – Typical Property and Lease Terms

 

Price Range:	$1 mm - $3mm
Cap Rate:	7.15%
Net Income:	$75,000 - $125,000
Price Per foot:	$125 PSF
Building Size:	6,000-8,000 SF
Lot Size:	1 AC
Escalations:	10% every 5
Lease Term:	10 Years
Lease Type:	NNN
Credit Rating:	NR

 

Tenant Company Information:

Aaron’s, Inc. operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron’s Business, and Vive. The company offers its lease-purchase solutions to customers for various products in the furniture and appliance, jewelry, mobile phones and accessories, mattress, and automobile electronics and accessories industries. It also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories. In addition, the company manufactures and sells bedding, including mattresses and box springs; and upholstered living-room furniture, such as contemporary sofas, chairs, modular sofa, and ottoman collections. Further, it provides revolving loans through third-party federally insured banks to customers that may not qualify for traditional prime lending. As of December 31, 2019, the company operated through 1,502 Aaron’s stores, including 1,167 company-operated stores; and 335 franchised stores in the United States, Canada, and Puerto Rico, as well as its e-commerce platform, aarons.com. Aaron’s, Inc. was founded in 1955 and is headquartered in Atlanta, Georgia

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