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Views: 79 DOM: 43 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 9.11
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...

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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,...


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Listing Broker

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