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Views: 43 DOM: 77 Updated: 08.06.24 Posted: 06.22.24 Status: Active

Summary

Price $32,425,000
Built/Renov 1998
Tenant Home Depot
Cap Rate 6.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 113,918
Lease Start 07-01-2000
#Units 2,335
Price/SF $284.63
Expiration 01-31-2030
Tenant Type Big Box Retail
NOI $2,107,483
R. Term 5.4
Ownership Fee Simple
Rent/SF $18.50
Increases 0.0%/0/yrs
Pop 5Mi 325,887
Lot/AC 10.08
Options 4/5yrs
AHHI 5Mi $96,958

Lease Highlights

  • The Home Depot has been operating in this location for over 20 years
  • The tenant has 5+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features $1.00/PSF rental escalations at the start of each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Home Depot is strategically located on Commons Drive, with access to 45,700 vehicles passing by daily. The property benefits from direct access onto Interstate I294 (156,900 VPD) and is ideally situated within a dense retail corridor co-anchored by well-known national tenants, including Marshall’s, Ross Dress for Less, XSport Fitness, and more. Additionally, it is directly adjacent to Chicago...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Home Depot
  • Guarantor:Corp T and Rated
  • Company:The Home Depot, Inc.
  • # Units:2,335
  • Tenant S&P: A
  • Moody’s: A2
  • Stock: NYSE: HD

About Tenant

The Home Depot, Inc. (NYSE: HD), is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, and is the largest home...


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Listing Broker

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