Aaron’s Philadelphia, Mississippi

$996,000
Cap Rate: 9%
Available
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 9%
Year Built: 2007
NOI: $89,625
Building Size: 8,132 sq. ft.
Lot Size: .56 Acres
Lease Expiration: 12/31/2022

Description

Address:

60 Canal Place
Philadelphia, MS 39350

Aaron’s offers a 5-year, triple net (NNN) investment opportunity with five years remaining on the lease.  There is one, five-year renewal option and 10 percent rental increases every five years in both base term and option period.

Aaron’s is strategically positioned and surrounded by national retailers including Walmart Supercenter, Lowe’s, Rent-A-Center, Hibbett Sports, Dollar General, Dollar Tree, Advance Auto Parts, AutoZone, Cricket Wireless, Walgreens, McDonald’s, Burger King, Popeye’s Louisiana Kitchen, Domino’s Pizza, Taco Bell and many more. The property benefits from its location, four miles from Pearl River Resort and Silver Star Casino, five miles from Philadelphia Municipal Airport and six miles from Geyser Falls Water Park.

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