1131 Hwy 280th Byp Phenix City, AL 36867-5447

This exceptional investment opportunity presents a freestanding 8,000 square foot storefront located at 1131 E 280 Byp, Phenix City, AL 36869. The property, built in 2006, is currently 100% occupied by Aaron's, a leading lease-to-own retailer (NYSE: AAN), under a net lease agreement with a corporate guarantee. The lease commenced August 1, 2006, and expires November 30, 2026, leaving approximately two years remaining. The asking price is $1,500,000, representing a price per square foot of $187.50 and an attractive 8.97% cap rate based on a net operating income (NOI) of $134,477. The property sits on a 1.4-acre parcel in a prime retail corridor, offering significant visibility and accessibility. There are no rent bumps or lease options included in the current agreement. This presents a unique opportunity for investors seeking a secure, high-yield investment with potential for future rent increases or owner-occupancy after the lease expiration. The property's strong location and tenant history make it an ideal candidate for a 1031 exchange. The Aaron's location has operated successfully since the building's construction, demonstrating the viability of the site and the tenant's commitment to the market.