Aaron’s Distribution Center

4985 Frusta Drive | Obetz (Columbus), OH 43207 - 4985 Frusta Drive | Obetz (Columbus), OH 43207

LTV (Loan to Value)	65.00%	Current NOI	$194,624.00
Interest Rate	4.250%	Capital Rate	7.200%
Fixed Term	10 Years	Land Area
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,755,000.00	Property Type	Industrial
Payment	$9,507.50	Property Lease	Distribution Center
Bulding Size	98,800 SF	Remaining Terms	2.5 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a free-standing building leased to Aaron's, Inc. located at 4985 Frusta Drive, Obetz (Columbus MSA), Ohio. The property is 100% occupied by Aaron's, Inc. The NN lease has approximately two and a half (2.5) years of term remaining. The lease includes one (1), five (5) year renewal option.

Highlights

Public Company (NYSE:AAN) with Strong Financials – Aaron’s is a public company [AAN] with 2,100 locations nationwide, $2.7 billion in…

Property Description

Obetz, Ohio had a population of 4,532 at the 2010 census. The community (originally “Obetz Junction”, in honor of settler Charles Obetz) was formed in 1838 as a stagecoach junction, and incorporated in 1928. Nearby “Reese Station” served as the railroad station for the immediate area, while other adjacent communities such as Groveport, Lockbourne and Canal Winchester were part of the Ohio and Erie Canal canal and lock system. The close proximity of Obetz Junction to these terminal towns transformed the area into a hub of commerce, travel and trade in mid-19th century. Communities such as Obetz and its neighbors, with their strong ties to transportation helped to further cement Central and Columbus, Ohio’s status as the state capital. This is a growing industrial market with a low vacancy rate of 7.8%, for industrial spaces over 75,000 SF within a 20-mile radius.