Aaron's - Portsmouth, OH

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire a 10,718 square foot freestanding, single-tenant Aaron’s located at 3050 Walnut Street in Portsmouth, Ohio (“Property” or “Asset”). Aaron’s has approximately 4.2 years of primary term remaining on an absolute NNN lease structure with 2.00% rent escalations annually, two (2), five-year renewal options and zero landlord responsibilities.

The Asset is 100% leased to Shining Star Ventures, Inc. (the “Tenant”), an Aaron’s franchisee and is a top performing asset within the highest 20% of the entire chain. Aaron’s, operates as a privately held provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods. Aaron’s maintains an extensive real estate footprint with over 1,200 stores operating throughout the United States and in Canada. Founded in 1955, the company was publicly traded from 1982 to 2024 and serves approximately 40-50% of the U.S. population with annual household incomes below $50,000.

The Property commands an exceptional location with immediate access to Gallia and Walnut Streets, capturing exposure to approximately 40,000 vehicles daily. This high-traffic arterial provides seamless connectivity throughout the tri-state region, ensuring consistent customer flow and maximum brand visibility for the national brand tenant.

Strategically positioned just three miles from Shawnee State University, ranked as the 39th Top Public School nationally by U.S. News & World Report, the Property benefits from proximity to the county's premier regional university. This positioning creates a stable demographic base and enhances the trade area's economic foundation through consistent enrollment and employment.

Additionally, the Property benefits from its location within 1.7 miles of the New Boston Walmart Center, Portsmouth's dominant retail destination generating over 3.7 million annual customer visits. This co-tenancy effect with the region's primary retail anchor drives substantial cross-shopping opportunities and reinforces the corridor's position as the area's retail epicenter.

Broker of Record

Bill Poffenberger

OH License No. 352247