Single Tenant NNN Leased Aaron’s Globe, AZ

$897,000
For Sale
Property type: Single Tenant NNN

The space

  • Year Built: 2004
  • Cap Rate: 8.10%
  • NOI: $72,616
  • Price/SF: $99.51
  • SF: 9,014
  • Cash on Cash Return (2019/2021): 8.52% / 10.87%
  • Total Return (2019/2021): 11.09% / 12.36%
  • Cap Rate Increase 2021: 8.77%
  • Tenant planned remodel: No cost to Landlord

Description

Aaron’s is a short bike ride from Miami High School,  Leo Kornegay Intermediate School, and Las Lomas Elementary School, and is 1.4 miles from the Cobre Regional Medical Center. There is a strong regional draw to the Walmart anchored shopping  center. Aaron’s has been a tenant for over a decade, and have proven their commitment to this location by exercising a 10 year lease extension in 2015. The Walmart Shopping Center is located on one of the main thoroughfares of Globe/Miami/Claypool (Highway 60) and is positioned just before the State Route 188 exit. Highway 60 has 22,000 Average Annual Daily Traffic.  Globe/Miami/Claypool is surrounded by multiple renowned national parks. The cooler summer weather makes this area a common getaway from Phoenix’s extreme climate, as well as a great change of pace within an hours drive from the Phoenix MSA.

Contact the Agent

ROBERT E. CRIDER

Vice President
Tel
(760) 809-4055
License #
01158595
Aaron’s is a short bike ride from Miami High School,  Leo Kornegay Intermediate School, and Las Lomas Elementary School, and is 1.4 miles from the Cobre Regional Medical Center. There is a strong regional draw to the Walmart anchored shopping …