loader
Join Free
Views: 122 DOM: 106 Updated: 09.11.24 Posted: 09.11.24 Status: Active

Summary

Price $8,850,000
Built/Renov 2024
Tenant Ross Dress For Less
Cap Rate 5.65%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 25,000
Lease Start 10-01-2024
#Units 2,148
Price/SF $354.00
Expiration 09-30-2034
Tenant Type General Retail
NOI $500,000
R. Term 9.9
Ownership Fee Simple
Rent/SF $20.00
Increases 0.0%/0/yrs
Pop 5Mi 213,110
Lot/AC 1.78
Options 4/5yrs
AHHI 5Mi $145,233

Lease Highlights

  • Brand new 2024 construction
  • New 10-year lease with 4 (5-year) options to extend
  • The lease features $1.00/PSF rental escalations throughout the initial term and option periods
  • Corporate guaranteed lease (NASDAQ: ROST)

Location Description

Ross Dress For Less is strategically located on Clinton Keith Road, with access to a substantial daily traffic count of 109,400 vehicles. The property is part of The Orchard Stone Creek new development, a retail hub that will feature prominent tenants, including Super Target, Home Depot, Tractor Supply, PetSmart, Five Below, Starbucks, and more. This prime location offers excellent visibility...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Ross Stores, Inc., operating under the brand name Ross Dress for Less, is an American chain of discount department stores. Their retail stores sell items such as clothing, footwear, bedding,...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity