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Views: 95 DOM: 74 Updated: 08.30.24 Posted: 07.04.24 Status: Active

Summary

Price $16,597,805
Built/Renov 2000
Tenant At Home
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 128,159
Lease Start 04-01-2024
#Units 262
Price/SF $129.51
Expiration 03-31-2037
Tenant Type Big Box Retail
NOI $1,078,857
R. Term 12.6
Ownership Fee Simple
Rent/SF $8.42
Increases 2.0%/1/yrs
Pop 5Mi 167,013
Lot/AC 12.06
Options 4/5yrs/2%
AHHI 5Mi $170,251

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 rental escalations throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

At Home is strategically located on N Northsight Boulevard, with access to 15,198 vehicles passing by daily. The property occupies a prime position in a highly sought-after retail corridor surrounded by well-known national tenants including Walmart Supercenter, Costco, Best Buy, Target, and more. The 5-mile trade area is supported by a population of 167,013 residents with an affluent average...

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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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Listing Broker

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