Aaron's - Blackstone & McKinley TC TD · well as its e-commerce platform Aarons.com. Progressive Leasing, a virtual lease-to-own company, provides lease-purchase solutions through

Investment Offering

For More Information Contact:

Trampis Chandler Taylor Delgado559.307.8067 559.389.3983LIC#01416460 LIC#[email protected] [email protected]

5 RIVER PARK PLACE WEST, SUITE 110, FRESNO, CA 93720 P: 559.490.3600 F: 559.490.3610Commercialwest.net

The information contained here in has been either given to us by the owner of the property or obtained from sources that we deemed reliable. We have no reason to doubt its accuracy but we do not guarantee it. T he prospective buyer, renter or lessee should verify all information contained here in. T his statement with the information contained here in is presented with th e understanding that all negotiations relating to the purchase, rental or lease of the property described above shall be conducted through this office.

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Blackstone

The information contained here in has been either given to us by the owner of the property or obtained from sources that we deemed reliable. We have no reason to doubt its accuracy but we do not guarantee it. T he prospective

buyer, renter or lessee should verify all information contained here in. T his statement with the information contained here in is presented with th e understanding that all negotiations relating to the purchase, rental or lease of the

property described above shall be conducted through this office.

1614 N. Blackstone AvenueFresno, CA 93703

FOR SALE





DISCLAIMER

Principals hereby advise all prospective purchasers of Multi-Tenant Net Leased property as follows:The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable.

However, Principals has not and will not verify any of this information, nor has Principals conducted any investigation

regarding these matters. Principals make no guarantee, warranty or representation whatsoever about the accuracy or

completeness of any information provided.

As the Buyer of a multi-tenant property, it is the Buyer's responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Principals expressly deny any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a single tenant property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer's tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any single tenant property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer's legal and financial advisors

must request and carefully review all legal and financial documents related to the property and tenant. While the tenant's

past performance at this or other locations is an important consideration, it is not a guarantee of future success.

Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be

set based on a tenant's projected sales with little or no record of actual performance, or comparable rents for the area.

Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes or may fail to

comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic,

environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for

conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-

term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the

property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the

location of the property, and Buyer's legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Principals and hold them harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this multi-tenant property.





FOR SALE





PRICING & FINANCIAL ANALYSIS

LOCATION

ANNUALIZED OPERATING DATA

1614 North Blackstone Avenue

Annual Rent Fresno, CA 93703

Years 2019 – September 30, 2023 Years 2019 – May 31, 2020

$84,000.00 $30,000.00

Price $1,628,571

Option Periods

Rentable Square Feet (Aaron’s) Rentable Square Feet (Napa)

6,000 SF 2,915 SF

None

Price/SF $182.67

CAP Rate 7.00%

Real Estate Taxes

Tenant Responsibility Lot Size 25,241 Sq Ft

Insurance Tenant Responsibility

Type of Ownership Leases

HVAC Maintenance Tenant Responsibility

Net Operating Income $114,000.00

Total Return

7.00% $114,000.00





FOR SALE





TENANT SUMMARY

Tenant Trade Name Aaron’s, Inc.

Ownership Public

Tenant Corporate

Guarantor Credit Investment Grade, S&P: NR

Lease Guarantor Corporate, Public, NYSE: AAN

Lease Type Leases

Foundation and Structure Tenant Responsible

Lease Term (Aaron’s) 4.6 Years

Lease Term (Napa) 1.2 Years

Lease Expiration Date 9/30/2023

Lease Expiration Date 5/31/2020

Increases None

Options None

*Please Request Lease Agreements for further clarification





FOR SALE





CORPORATE DESCRIPTION

Headquartered in Atlanta, Aaron's, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions was founded in 1955, has been publicly traded since 1982, and owns the Aarons, Progressive Leasing and HELPcard brands. Aaron’s engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its more than 1,860 Company-operated and franchised stores in 47 states and Canada as well as its e-commerce platform Aarons.com. Progressive Leasing, a virtual lease-to-own company, provides lease-purchase solutions through approximately 19,000 retail locations in 46 states. Dent-A-Med, Inc., d/b/a the HELPcard®, provides a variety of second-look credit products that are originated through a federally insured bank. For more information, visit investor.aarons.com.

$3.8 billion in sales 2018

1,860+ stores in 47 states

Investment Grade - NR Rating by Standard & Poor’s

Headquartered in Atlanta, Georgia

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The information contained here in has been either given to us by the owner of the property or obtained from sources that we deemed reliable. We have no reason to doubt its accuracy but we do not guarantee it. T he prospective buyer, renter or lessee should verify all information contained here in.

This statement with the information contained here in is presented with th e understanding that all negotiations relating to the purchase, rental or lease of the property described above shall be conducted through this office.

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Tower District

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Aaron's - Blackstone & McKinley TC TD · well as its e-commerce platform Aarons.com. Progressive Leasing, a virtual lease-to-own company, provides lease-purchase solutions through

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