3200 Memorial Pkwy NW
Huntsville, AL 35810
Retail Property For Sale
Property Facts
About 3200 MEMORIAL PKWY NW , HUNTSVILLE, AL 35810
Marcus & Millichap is pleased to exclusively present for sale a net leased corporate tenant (Aaron’s) portfolio. The portfolio consists of four properties located in South Carolina, Alabama, New Mexico, and Texas. The properties may be purchased as a portfolio or individually. The average remaining lease term for the portfolio is 5.98 years. Three of the four properties feature true NNN leases with no landlord responsibility and 10% rental increases in 2020 that bring the portfolio cap rate to 8.74%. Each of the properties also have attractive rental increases in the numerous option periods. Aaron’s is the leading omnichannel provider of lease-purchase solutions. The company engages in the sale and lease ownership of furniture, consumer electronics, home appliances, and accessories through its 1,800+ stores in the US and Canada. Aaron’s has the highest credit rating of 11AA from Dun and Bradstreet and is considered a strong internet resistant tenant.
Property Taxes
| Parcel Number | 14-06-24-2-001-023.000 | Improvements Assessment | $190,060 |
| Land Assessment | $60,720 | Total Assessment | $250,780 |
Property Taxes
