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Views: 106 DOM: 148 Updated: 12.16.24 Posted: 07.26.24 Status: Active

Summary

Price $10,047,843
Built/Renov 2009
Tenant Kohl's
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 72,660
Lease Start 02-01-2010
#Units 1,174
Price/SF $138.29
Expiration 01-31-2030
Tenant Type Big Box Retail
NOI $703,749
R. Term 5.1
Ownership Fee Simple
Rent/SF $9.69
Increases 10.0%/1/yrs
Pop 5Mi 387,334
Lot/AC 5.55
Options 2/5yrs/10%
AHHI 5Mi $106,642

Lease Highlights

  • Kohls has been operating in this location since 2010
  • The tenant has 5+ years remaining on the current lease term with 2 (5-year) and 1 (4-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Corporate guaranteed lease (NYSE: KSS)

Location Description

Kohl's is strategically located at the signalized, hard corner intersection of San Juan Avenue and Greenback Lane, with access to a robust combined daily traffic count of 72,152 vehicles. The property is situated within the main retail corridor, sharing co-tenancy with well-known national tenants such as Burlington, Ross, Sam's Club, Safeway, 7-Eleven, and Crunch Fitness. The 5-mile trade area...

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Maps

  • 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
2029 Total Population : 20,099 160,444 389,650
2024 Total Population : 19,853 159,696 387,420
2024 Employed Civilian Pop : 9,655 78,131 183,283
2024 Total Businesses : 527 4,992 12,036
2024 Average Household Income : $ 94,033 $ 107,659 $ 112,063
2024 Total Consumer Spending : $ 671 M $ 5896 M $ 14167 M
2024 Median Age : 40 40 40
2024 Total Households : 8,170 63,050 145,668
2024 Pop Age 25+: Bachelor's Degree : 2,283 23,219 56,142
2024 Average Home Value : $ 584,054 $ 573,309 $ 582,796
*ESRI data is presented for informational purposes only

Listing Broker

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