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1620 E Main St
Cortez, CO 81321
Aaron's · Retail Property For Sale
PROPERTY FACTS
ABOUT 1620 E MAIN ST , CORTEZ, CO 81321
The offering provides an opportunity to acquire an absolute triple-net Aaron’s furniture store located in Cortez, Colorado. The Cortez location is under a Master Lease with four other stores (also available for sale, see page 2 for links to OM’s), and has an initial term that runs through December 31 2026, and features favorable rental escalations in year 5, in addition to four 5-year extension options. Aaron’s is a publicly-traded furniture, electronics, and appliances retailer specializing in the lease-to-own model, and is regarded as a top-performing brand in this space. Aaron’s recently underwent cost reduction initiatives, and is recognized as having strong momentum in growth moving forward.
PROPERTY TAXES
| Parcel Number | R017741 | Improvements Assessment | $151,356 |
| Land Assessment | $80,101 | Total Assessment | $231,457 |
PROPERTY TAXES
