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Views: 253 DOM: 249 Updated: 12.16.24 Posted: 04.16.24 Status: Active

Summary

Price $12,573,000
Built/Renov 2002/2016
Tenant At Home
Cap Rate 8.50%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 145,471
Lease Start 02-08-2018
#Units 262
Price/SF $86.43
Expiration 02-28-2034
Tenant Type Big Box Retail
NOI $1,068,728
R. Term 9.2
Ownership Fee Simple
Rent/SF $7.35
Increases 2.0%/1/yrs
Pop 5Mi 113,450
Lot/AC 16.06
Options 4/5yrs/2%
AHHI 5Mi $133,123

Lease Highlights

  • At Home has 9+ 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
  • Absolute NNN lease | Zero landlord responsibilities

  • Corporate guaranteed lease

Location Description

At Home is strategically located on Interstate 35, a major highway, with access to a substantial daily traffic count of 62,537 vehicles. This highway intersects with other major interstates, including I-90, I-94, and I-494/694, enhancing its significance as a prime location. Furthermore, the property is positioned as an outparcel to the Village of Blaine Shopping Center, an open-air, power...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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
2028 Total Population : 3,526 43,817 116,912
2023 Total Population : 3,460 42,705 113,599
2023 Employed Civilian Pop : 1,834 21,643 60,682
2023 Total Businesses : 131 874 2,556
2023 Average Household Income : $ 143,288 $ 137,647 $ 133,018
2023 Total Consumer Spending : $ 140 M $ 1743 M $ 4628 M
2023 Median Age : 39 38 39
2023 Total Households : 1,161 14,927 40,905
2023 Pop Age 25+: Bachelor's Degree : 703 8,277 22,788
2023 Average Home Value : $ 401,628 $ 398,196 $ 376,702
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
109th Ave NE Pheasant Ridge Dr NE 2016 5,600 0.07 mi
109th Avenue Northeast Pheasant Ridge Dr NE 2018 5,600 0.13 mi
Lexington Ave Pheasant Ridge Dr NE 2018 27,500 0.27 mi
Lexington Ave 109th Ave NE 2016 15,500 0.29 mi
Pheasant Ridge Dr NE 2022 2,442 0.40 mi
Lexington Ave Pheasant Ridge Dr NE 2016 25,000 0.42 mi
Pheasant Ridge Dr NE Lexington Ave 2019 3,950 0.45 mi
I- 35 2022 2,714 0.47 mi
109th Ave NE National St NE 2018 5,500 0.53 mi
Ball Rd NE 103rd Ct NE 2019 7,700 0.58 mi

Listing Broker

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