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Views: 121 DOM: 143 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 12.4
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 7,637 77,848 172,259
2024 Total Population : 7,143 72,508 166,305
2024 Employed Civilian Pop : 4,465 41,505 90,423
2024 Total Businesses : 1,745 7,269 12,387
2024 Average Household Income : $ 136,679 $ 171,673 $ 177,673
2024 Total Consumer Spending : $ 419 M $ 4959 M $ 11356 M
2024 Median Age : 41 46 48
2024 Total Households : 3,533 33,767 74,804
2024 Pop Age 25+: Bachelor's Degree : 2,212 22,185 49,119
2024 Average Home Value : $ 703,394 $ 758,482 $ 802,914
*ESRI data is presented for informational purposes only

Listing Broker

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