Aaron's Net Leased Investment - Whiteville

Retail-Commercial for Sale
Catylist Listing ID: 30564112
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 7,000 SF
Gross Land Area: 3.08 SF
Sale Price: $1,075,862
Unit Price: $153.69 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 7,000 SF
Sale Terms: Cash to Seller
Cap Rate: 7.25%
Last Updated: 9/20/2021

Overview / Comments

Portfolio of two single-tenant, net investments for sale, which can be purchased individually or as a single portfolio.

The properties are leased to a single, franchisee operator of Aaron’s, a lease-to-own retailer, that will execute new 10 year, triple-net lease that will commence at closing.

The stores are located in Whiteville and Rockingham, North Carolina, and have been in business (opened by the current franchisee) since December 2009 and December 2004, respectively.

Please reference flyer for more details.

Additional Details

Nearest MSA: Wilmington
County: Columbus
Tax ID/APN: 0189.01-39-4610.000
Zoning: B-3 (BUSINESS DISTRICT)
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2009
Zoning Description: B-3 - Business District (City of Whiteville)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,731 14,354
Median Age: 38.4 40.01
Households: 3,433 5,613
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