Aaron's Rental Portfolio - Rockingham

Retail-Commercial for Sale
Catylist Listing ID: 30407153
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 10,000 SF
Sale Price: $1,260,000
Unit Price: $126 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Aaron's
Usable Size (USF): 10,000 SF
Sale Terms: Undisclosed
Cap Rate: 7.5%
Last Updated: 10/8/2020

Overview / Comments

Cape Fear Commercial is pleased to present a portfolio of three 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 Newport, Whiteville, and Rockingham, North Carolina, and have been in business (opened by the current franchisee) since September 2010, December 2009, and December 2004, respectively.

Please reference flyer for more details.

Additional Details

Nearest MSA: Fayetteville
County: Richmond
Taxing Authority: City of Rockingham
Tax ID/APN: 7473-17-10-0858

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,148 20,401 31,955
Median Age: 36.06 38.46 38.52
Households: 2,081 8,361 12,972
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