Available For Sale - Retail

7,000 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
7,000 SF
Price/SF
Show Pricing $
Listing ID
SA439286
Notes
Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in Aaron’s Corporate net leased, build-to-suit, located at 1221 Main Street Southwest, Los Lunas, New Mexico 87031 (the “Property”). Built in 2018, the Property comprises a +/- 7,000 SF building on a highly visible +/- 0.65-acre parcel, that is strategically positioned to be easy to access for 29,000 vehicles per day at MN-6/Main Street, surrounded by residential and commercial development.



The Property benefits from it’s highly visible location with easy accessibility, and convenient retail location in a strong commercial area near Facebook’s new one billion dollar data center and a Walmart distribution center, only 3 miles to the west. Los Lunas is among the state’s fastest growing cities with nearly fifty percent growth since 2000, the subject benefits from a population of over 60,000 people with an average household income of $60,500 within ten miles.



The building is 100 percent occupied by Aaron’s Inc. with 1,400+ national locations. The lease started 1/15/2018, subject to a 10-year lease term and10 percent rental increases at the start of each of two five year options. Aaron’s Inc. is a leading omni-channel provider of lease-purchase solutions in the rent-to-own space. Aaron’s serves a large market of over two million customers through multiple channels and products, from virtual lease-to-own,lease-to-own stores, e-commerce and second-look financing. Aaron’s is publicly traded on the NYSE under the ticker “AAN”, founded in 1955, and sees over 2 million customers annually with revenues of about $1.8 billion.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jesse Limon, Marcus & Millichap - NYC