This Retail Property is no longer advertised on LoopNet.com.

1620 E Main St
Cortez, CO 81321
Aaron's · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
9,422 SF
Building Class
C
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.99 AC
Zoning
C

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

Property Taxes

Parcel Number
R017741
Land Assessment
$95,359
Improvements Assessment
$181,244
Total Assessment
$276,603
  • Listing ID: 12999720

  • Date on Market: 6/26/2018

  • Last Updated:

  • Address: 1620 E Main St, Cortez, CO 81321

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