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DOM: 344 Updated: 08.06.24 Posted: 05.16.24 Status: Contract

Summary

Price $9,361,578
Built/Renov 2000
Tenant At Home
Cap Rate 9.25%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 128,506
Lease Start 03-25-2022
#Units 262
Price/SF $72.85
Expiration 03-31-2037
Tenant Type Big Box Retail
NOI $865,946
R. Term 11.11
Ownership Fee Simple
Rent/SF $6.74
Increases 2.0%/1/yrs
Pop 5Mi 139,797
Lot/AC 13.74
Options 4/5yrs/2%
AHHI 5Mi $148,925

Lease Highlights

  • At Home has 12+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rent escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

At Home is strategically located on Fields Ertel Road, with access to 30,763 vehicles passing by daily. The property is situated within the Loveland-Madeira Road corridor, which runs from West Loveland Avenue to Kemper Road near I-275, serving as Loveland’s primary retail corridor. Adjacent to a Meijer grocery store, the property is also surrounded by other well-known national tenants...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: At Home
  • Guarantor:Corp Rated
  • Company:Hellman & Friedman
  • # Units:262
  • Tenant S&P: CCC+
  • Moody’s: Caa1
  • Stock:Private

About Tenant

At Home Stores LLC, dba At Home, is an American chain of home decor stores. With an average footprint of 110,000 square feet, At Home offers up to 50,000 home products including furniture,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 9,550 63,807 142,947
2024 Total Population : 9,177 62,492 140,259
2024 Employed Civilian Pop : 5,265 34,787 74,756
2024 Total Businesses : 529 2,682 6,484
2024 Average Household Income : $ 122,677 $ 159,379 $ 156,954
2024 Total Consumer Spending : $ 445 M $ 3386 M $ 7283 M
2024 Median Age : 39 40 41
2024 Total Households : 4,157 24,787 54,190
2024 Pop Age 25+: Bachelor's Degree : 2,623 15,905 34,202
2024 Average Home Value : $ 365,326 $ 427,231 $ 414,741
*ESRI data is presented for informational purposes only

Listing Broker

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