Published on: Friday, August 16, 2024
Updated on: Friday, August 16, 2024
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About the Lister
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Name: Eric Vu
Company: Anchor Point Capital
Office Phone:  949.667.1077
Cell Phone:  949.667.1077
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  Aaron’s
516 N Main St Shelbyville Tennessee , 37160
516 N Main St Shelbyville Tennessee , 37160Anchor Point Capital
Listing ID: CL-Tennessee-11386

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7.74
Net Operating Income: $48,000
Commission Split (%): 0
Quick Glance
Listing ID: CL-Tennessee-11386
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 1962
Building Size: 20,346.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: 12
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Excellent Single-Tenant Investment Opportunity. STNL Corporate Guaranty Aaron's, Shelbyville, TN Recent Lease Extension | Income Tax Free State of Tennessee
Complete Details
Year Build: 1962
Building Size: 20,346 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: 12
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 100%
Full Description
Original 15 Year Lease; Recent 4 Year Extension Bite Sized Deal in Downtown Shelbyville, TN Corporate Guaranty from Aarons: Public Company (NYSE: AAN) 1,300+ locations throughout the United States Absolute NNN; Zero Landlord Responsibilities 10% Increases in Each Option of the Two Remaining 2 Yr Option Periods Tenant Completed Exterior Renovations in 2022 Significantly Below Market Rent; Tenant Currently Paying $2 PSF Annually Low Cost Basis and Price PSF of $30
Additional Properties
Property Highlights
  • Located in Income Tax Free State of Tennessee
  • Over 22,000 Cars per Day on Main Street
  • Shelbyville is Located 25 Miles South of Murfreesboro, TN
  • Located on the Central Retail Corridor of Shelbyville, Surrounding Retailers Include; United Grocery Outlet, Dollar General, Sherwin-Williams, Papa Johns, Napa Auto Parts, KFC, Arby’s
  • Steady Population Growth; 16% in the last 10 years within 3 Miles
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$48,000
$0
0%
Cash Flow for Current Listings
Listing Location
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