Kohl's

7801 Rogers Avenue, Fort Smith, AR 72903

$8,989,299

Cap Rate 7.85%

Views: 70 DOM: 157 Updated: 08.14.24 Posted: 04.04.24 Status: Active

Summary

Price $8,989,299	Built/Renov 1999/2017	Tenant Kohl's
Cap Rate 7.85%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 62,117	Lease Start 12-22-1999	#Units 1,174
Price/SF $144.72	Expiration 06-30-2032	Tenant Type Big Box Retail
NOI $705,660	R. Term 7.9	Ownership Fee Simple
Rent/SF $11.36	Increases 0.0%/0/yrs	Pop 5Mi 79,538
Lot/AC 4.84	Options 3/5yrs	AHHI 5Mi $70,323

Adam English

STREAM Capital Partners

Contact

Lease Highlights

Kohl’s has been operating in this location since 1999
The tenant has 8 years remaining on the current lease term with 3 (5-year) options to extend
Transferable roof warranty until 2030
Corporate guaranteed lease (NYSE: KSS)

Location Description

Kohl's is strategically located on Rogers Ave, with access to 30,000 vehicles passing by daily. The property is situated within a dense retail trade area, with over 1.5M SF of retail within 1 mile and surrounded by well-known national retailers, including Lowe’s, Walmart, McDonald’s, Chick-Fil-A, and more. The 5-mile trade area is supported by a population of 79,538 residents with an average...

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Key Features

Roof guarantee
In location for years
Dense retail corridor
Near major nationals
Big Box center
Freeway close
Major MSA
Long operation history
Traded and rated company
Corporate Guarantee

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Links

Kohl's Wikipedia Kohl's Wikipedia Fort Smith, Arkansas Zip Code 72903 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Kohl's
Guarantor:Corp T and Rated
Company:Kohl's Corporation
# Units:1,174
Tenant S&P: BB
Moody’s: Ba2
Stock: NYSE: KSS

About Tenant

Kohl's Corporation (Kohl’s) (NYSE: KSS) is an American department store retail chain that sells moderately-priced private and national brand apparel, footwear, accessories, beauty, and home...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,425	30,311	79,753
2023 Total Population :	5,421	29,913	79,258
2023 Employed Civilian Pop :	2,629	14,844	35,895
2023 Total Businesses :	442	1,573	3,990
2023 Average Household Income :	$ 88,532	$ 95,788	$ 75,472
2023 Total Consumer Spending :	$ 174 M	$ 1078 M	$ 2159 M
2023 Median Age :	46	43	38
2023 Total Households :	2,304	13,001	32,723
2023 Pop Age 25+: Bachelor's Degree :	965	4,795	8,863
2023 Average Home Value :	$ 257,835	$ 265,182	$ 206,798

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South 74th Street	Dallas Dr	2021	10,000	0.32 mi
Massard Road	Enid St	2021	8,000	0.35 mi
Rogers Avenue	S 83rd St	2021	28,000	0.35 mi
Horan Drive	Camelot Dr	2021	1,600	0.41 mi
South 74th Street	Abbey Rd	2021	12,000	0.43 mi
Phoenix Avenue	S 79th St	2021	18,000	0.45 mi
Rogers Avenue	S 70th St	2021	37,000	0.51 mi
S 70th St	Dallas St	2017	4,100	0.57 mi
South 70th Street	Rogers Ave	2021	3,900	0.57 mi
South 91st Street	Houston St	2021	3,700	0.88 mi

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