December 23, 2021 – Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Aaron’s (subleased to Rent-A-Center) in Snyder, Texas. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $875,000.
The property is a freestanding Aaron’s (subleased to Rent-A-Center) located at 3206 College Avenue in Snyder, Texas. Aaron’s signed a brand new, 10-year Double Net Lease in 2014 that currently has over 2+ years of term remaining and is followed by two, 5-year renewal options. The lease features an 8.3% rent increase at the start of the first renewal option and a 7.7% increase at the start of the second renewal option. The Property is strategically positioned along TX-350, in the center of town. Rent-A-Center is located on the area’s primary commercial corridor. National tenants driving traffic to the area include Walmart Family Dollar, McDonald’s Verizon, AT&T, CVS, O’Reilly Auto Parts, Dollar General, Sonic, Taco Bell, and Subway. The Property is located approximately 2-miles north of Western Texas College’s main campus. The public college with an enrollment of 2,300 students also has two downtown Snyder locations.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.