Aaron’s NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Last Year Cap

6.7%

This Year Cap

7.0%

Cap Change

0.3%

Aaron's – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID	wdt_created_by	wdt_created_at	wdt_last_edited_by	wdt_last_edited_at	Tenant	Year	Cap Rate
5779	admin2	2026 04:17 AM	admin2	2026 04:17 AM	7 Brew	2,020	6.5
5780	admin2	2026 04:17 AM	admin2	2026 04:17 AM	7 Brew	2,021	6.3
5781	admin2	2026 04:17 AM	admin2	2026 04:17 AM	7 Brew	2,022	6.0
5782	admin2	2026 04:17 AM	admin2	2026 04:17 AM	7 Brew	2,023	6.3
5783	admin2	2026 04:17 AM	admin2	2026 04:17 AM	7 Brew	2,024	6.6
5784	admin2	2026 04:17 AM	admin2	2026 04:17 AM	7 Brew	2,025	6.6
					Tenant	Year	Cap Rate

Credit (what net-lease buyers care about)

Credit Snapshot

Aaron’s

Cap Rates NNN

Last Year 6.7%

This Year 7.0%

Change 0.3%

S&P Rating CREDIT

Last Year NR

This Year NR

Change NO CHANGE

Aaron’s Net Lease: Secure, Essential Investment

Aaron’s is a nationally recognized retail tenant with an established presence in the rent-to-own industry. This guide covers cap rates, lease terms, tenant credit, and key due diligence considerations for Aaron’s net lease properties.

For 1031 exchange buyers, Aaron’s Net Lease Properties can offer an opportunity to diversify into single-tenant assets, with lease structure, remaining term, rent increases, and tenant strength influencing pricing and long-term value.

Investors often target Aaron’s assets for:

Stable Income Potential
Established Retail Locations
Recognized Tenant Brand
1031 Exchange Compatibility

Aaron’s Net Lease Properties for 1031 Exchange Buyers

Buyers should evaluate lease terms, rent escalations, renewal options, landlord responsibilities, property location, and residual real estate value before investing. They should also review tenant strength and potential re-tenanting risks.

Aaron’s Investment Market Statistics

AVERAGE SALE PRICE

$1,300,000

BUILDING SIZE

8,000 – 13,500 SF

AVERAGE NOI

$100,000

LAND

0.6 – 1.8 acres

$/SF RANGE

$70 – $193

LEASE TERM SHOWN

12 years

Aaron’s Investor Snapshot (Quick Facts)

Origins & Growth (Past)

Founded in 1955
Started as a furniture and appliance rental business
Expanded through company-owned and franchise locations
Built a nationwide retail store network
Established presence in the rent-to-own industry

Aaron’s Stands Today

Recognized national rent-to-own retailer
Operates an extensive U.S. store network
Provides flexible lease-to-own purchasing options
Serves value-focused retail customers
Offers furniture, appliances, electronics, and related products
Established brand presence in the U.S. retail market

Investment & Real Estate Profile

Frequently evaluated as a single-tenant net lease opportunity
Retail locations can provide long-term income potential
Lease terms and rent escalations are key valuation factors
Location quality can materially affect resale value
Tenant credit and lease guarantees should be reviewed

Why Investors Buy Aaron’s NNN Properties or Aaron’s Ground Lease Properties?

Pros (what buyers like)

Recognized tenant brand
Established national retail presence with a long operating history
Potential for stable income
Long-term net lease structures can provide predictable rental income
Established retail locations
Existing stores can provide visibility and convenient access for customers
NNN lease potential
Depending on the lease, tenants may be responsible for taxes, insurance, and maintenance

Cons (what can bite you)

- Lease structure variability
  NNN or modified NNN terms may vary.
- Tenant concentration risk
  Performance depends on a single tenant.
- Flat or limited rent growth
  Some leases may have limited escalations.
- Re-tenanting challenges
  Property modifications may be needed if Aaron’s leaves.

Investor Decision Framework (Buy / Hold / Sell)

✓ Strong “Buy Box” for an Aaron’s Net Lease

10+ years of lease term remaining
Absolute NNN or clean NNN lease structure
Strong retail location with good visibility
Convenient access and established trade area
Market-aligned rent supporting resale value
Strong renewal potential

⚠ Yellow Flags (Price Accordingly)

NN or modified NNN lease with landlord responsibilities
Flat rent with limited or no escalations
Oversized or outdated retail format
Non-prime location with weak visibility or access
Tenant-specific layout that may be difficult to re-tenant

Find out more

Aaron’s Background & History

Aaron’s is relevant to NNN investors because its retail locations can provide opportunities to acquire single-tenant properties supported by established lease structures and an existing operating business. The investment thesis is generally centered on tenant credit, lease economics, property location, and the long-term usability of the underlying real estate.

Many Aaron’s locations are positioned within established retail corridors and commercial areas with convenient access and visibility. These characteristics can help support the property’s long-term marketability and potential re-tenanting value if the existing lease eventually expires.

For investors, the combination of an established retail tenant and underlying real estate can make Aaron’s properties relevant for both income-focused investors and 1031 exchange buyers. However, each property should be evaluated individually based on its lease structure, location, rent growth, and remaining lease term.

What Buyers and Sellers Should Evaluate

For Aaron’s NNN, net lease, or ground lease properties, investors should focus on tenant strength, lease structure, property quality, remaining term, rent growth, and long-term marketability.

Buyers should evaluate location, visibility, access, surrounding retail activity, lease responsibilities, and potential re-tenanting risk. Comparing the asking price and cap rate with similar properties can help determine the investment’s potential value.

Key Due Diligence Considerations

Review lease terms, rent escalations, renewal options, landlord responsibilities, property condition, and re-tenanting potential before investing.

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing Wells Fargo ground lease properties or fee simple Wells Fargo assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.