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5515 Fort Ave
Lynchburg, VA 24502
Aaron's · Retail Property For Sale
PROPERTY FACTS
ABOUT 5515 FORT AVE , LYNCHBURG, VA 24502
The subject property is located along a dominant retail corridor in Lynchburg, Virginia. Due to its proximity to multiple national retailers, the Aaron's brand benefits from positive retail synergy. With nearly 100,000 residents within a 5-mile radius of the site, this location is ideally situated to sustain the strong population growth in the market. Additionally, the local demographics are favorable for the rent-to-own business model. It is also worth noting, this location -- previously operated by an extremely successful Aaron's Franchisee -- was one of the strongest in the previous operators portfolio. Aaron's Corporate views the location as an attractive asset, as demonstrated by their recent acquisition of the operations. Aaron's, Inc. executed a brand new seven year lease in 2019. The combination of real estate fundamentals and local demographics made this site a prime acquisition candidate for Aaron's Corporate.
PROPERTY TAXES
| Parcel Number | 055-14-026 | Improvements Assessment | $1,034,600 |
| Land Assessment | $537,400 | Total Assessment | $1,572,000 |
PROPERTY TAXES
