Aaron’s
911 W Union Ave
Litchfield, Illinois 62056
Price: $1,960,000
Cap Rate: 7.89%
Tenant: Aaron’s Franchisee*
Building Size: 15,145 Square Feet
Land Area: 47,480 SF
NOI: $154,715 (starting 10/1/20)
Lease Term: 6 Years Remaining
Lease Options: 4X5
Lease Type: Absolute NNN
Increases: 10% every 5 years
The Property
NNN Leased Investment For Sale: Two Tenant Building Under Master Lease with Aaron’s Franchisee located in Litchfield, in Montgomery County, Illinois. The estimated 2017 population is 6,951. It is located approximately 46 miles south of Springfield, Il (the capital of Illinois), and approximately 56 miles northeast of the St. Louis, Mo metro area. About 12,300 cars per day go by this site, and it is located just .9 miles from I-55.
Investment Highlights
- Personal Guarantee
- Zero Landlord Responsibilities
- Excellent Visibility and Access
- Two Tenant Building Under Master Lease with Aaron’s Franchisee Dunning and Associates www.aarons.com
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Prime Properties Real Estate Investment
Broker: Keith Nakayama, CCIM
Address: 5390 SE Byron Drive, Portland, Oregon 97267
Phone: 503.659.9556
Email: primeprop@comcast.net
Website: www.askprime.com
Northwest Equities Investment Real Estate Services, Inc
Broker: Craig Johnson, CCIM
Address: 3806 SE 179th Ave, Vancouver, WA 98684
Phone: 360.281.3130
Email: craig.johnson@nweire.com
Website: www.nweire.com
SVN/Ramshaw Real Estate
Address: 505 W. University Ave., Champaign, Illinois 61820
Phone: 217.841.4382
Email: alex.ruggieri@svn.com
Website: ruggieriteam.com
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