Retail Space /TX /Andrews County /Andrews /111 NE Avenue K
Retail Space /TX /Andrews County /Andrews /111 NE Avenue K

111 NE Avenue K - Freestanding FOR SALE


Andrews, TX 79714 | 
$646,500 USD
678-808-2770
111 NE Avenue K, Andrews, TX for Sale
$646,500 USD
Freestanding - FOR SALE
1/4
null | 7.35% Cap Rate
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111 NE Avenue K
Andrews, TX 79714

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HIGHLIGHTS

  • CORPORATE LEASE WITH AARON’S, LLC
  • RECENTLY EXTENDED LEASE | 5.5+/- YEARS REMAINING
  • EXTREMELY LOW BASE RENT | UNDER $4 PER SQUARE FOOT
  • PRICED UNDER $54 PER SF | WELL BELOW REPLACEMENT COST
  • 10% RENTAL INCREASES EVERY 5 YEARS
  • ABSOLUTE TRIPLE NET LEASE (NNN) | NO LANDLORD EXPENSES

OVERVIEW

AARON’S • 1,200+ LOCATIONS IN 47 STATES AND CANADA • PURCHASED BY IQVENTURES HOLDINGS, LLC IN 2024 AT A $504 MILLION VALUATION • FOUNDED IN 1955

FOR SALE DETAILS

PRICE

$646,500 USD

PRICE/SF

$54 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aaron's | Very Low Base Rent | $646,500

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

-

APN/PARCEL ID

09300-00800-0000

ASK ABOUT THIS PROPERTY

Robert PfeifferMarcus & MillichapMore Info
678-808-2770

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Robert PfeifferMarcus & MillichapMore Info
678-808-2770

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

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