Aaron’s Rents – Albuquerque
1221 Main Street Southwest Los Lunas New Mexico Map
Build-to-Suit Relocation Store with 10% Increases in Options Periods
Listing Price $1,500,000
| Status | Closed |
| Lease Type | Double Net |
| GLA (Sq. Ft.) | 7,000 |
| NOI | $100,000 |
| Lease Term Remaining | 7.3 Years |
| Increases | 10% in Each Option |
| Options | Two, 5-Year Options |
| State (BOR) | NM |
| Broker of Record | Matthew Reeves |
| License # (BOR) | Lic.#19583 |
| Close Date | Jun 17, 2021 |
Investment Highlights
- Highly Visible Relocation Store, Subject Asset is a Brand New, Build-to-Suit 7,000-Square-Foot Build-to-Suit on a 0.65-Acre Lot with Easy Ingress/Egress
- Aaron’s, Inc. (NYSE: AAN) is a Leading Omni-channel Provider for Lease-Purchase Solutions with 1,800 Stores Across 47 States and Canada and Revenue of $1.8 Billion
- Double Net Lease with Minimal Landlord Responsibilities and Ten-Percent Increases in Each Option Period
- New One-Billion Dollar Facebook Data Center is Only Three Miles West | Three of Six Buildings Have Opened and are Online, Supporting Over 150 Employees Today and 300 Jobs Upon Completion
- Walmart Distribution Center (500 Employees) and Niagara Bottling Center (40 Employees) are both Located within Three Miles of Subject Asset
Investment Overview
Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in Aaron’s Corporate net leased, build-to-suit, located at 1221 Main Street Southwest, Los Lunas, New Mexico 87031 (the “Property”). Built in 2018, the Property comprises a +/- 7,000 SF building on a highly visible +/- 0.65-acre parcel, that is strategically positioned to be easy to access for 29,000 vehicles per day at MN-6/Main Street, surrounded by residential and commercial development.
