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1336 E Franklin Blvd
Gastonia, NC 28054
Aaron's · Retail Property For Sale
Investment Highlights
- Corporate Guarantee
- Major Retail Corridor
- Minimal Landlord Responsibilities
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,510 SF
Building Class
C
Year Built
1958
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.65 AC
Zoning
RET01
Parking
32 Spaces (6.35 Spaces per 1,000 SF Leased)
Frontage
95’ on Franklin Blvd
About 1336 E FRANKLIN BLVD , GASTONIA, NC 28054
Marcus & Millichap is pleased to present this corporately-guaranteed Aaron's in Gastonia, North Carolina. With 4,510 square feet of leased building space on 0.65 Acre, this property is ideally located directly on U.S. 29/74 near Interstate 85, the primary retail corridor in the city. The double-net lease affords investors minimal landlord responsibility with an 10.15 percent cap rate through 2021. The ability to renegotiate the lease at the end of the current term offers investors the potential to further increase returns. Demographics in the area provide a prime customer base for Aaron's, which has exercised multiple options renew since 2003.
Property Taxes
| Parcel Number | 109847 | Improvements Assessment | $468,580 |
| Land Assessment | $339,770 | Total Assessment | $808,350 |
Property Taxes
Parcel Number
109847
Land Assessment
$339,770
Improvements Assessment
$468,580
Total Assessment
$808,350
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