Kohl's

6135 San Juan Avenue, Citrus Heights, CA 95610

$10,419,970

Cap Rate 6.75%

Views: 59 DOM: 44 Updated: 07.26.24 Posted: 07.26.24 Status: Active

Summary

Price $10,419,970	Built/Renov 2009	Tenant Kohl's
Cap Rate 6.75%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 72,660	Lease Start 02-01-2010	#Units 1,174
Price/SF $143.41	Expiration 01-31-2030	Tenant Type Big Box Retail
NOI $703,749	R. Term 5.4	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 escalations throughout the initial term and option periods
Corporate guaranteed lease

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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Key Features

Signalized intersection
In location for years
High traffic 50M+ VPD
Near major nationals
Big Box center
Top 100 MSA
Strong demographics
Long operation history
Traded and rated company
Corporate Guarantee

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Links

Kohl's Wikipedia Kohl's Wikipedia Citrus Heights, California Zip Code 95610 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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Listing Broker

BJ Feller

Northmarq

Contact

56 Listings
4360 Views
8 Sold

Christian Tremblay

Contact

33 Listings
2040 Views
0 Sold

BJ Feller

BJ Feller is a Senior Vice President and Managing Director of Northmarq’s Chicago office, leading a team of professionals specializing in the disposition and acquisition of net lease retail, office and industrial properties nationally. Feller represents a broad range of institutional, private, and international clients, and has completed transactions in excess of $4.5 billion across 39 states, consistently providing strong results for clients. Before joining Northmarq, Feller served as Managing

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Christian Tremblay

Christian Tremblay is a vice president located in Northmarq’s Chicago office. Christian specializes in the disposition and acquisition of single-tenant net lease retail, cannabis and industrial properties throughout the United States. Christian has closed more than $500 million in total transaction volume. Before Northmarq, Christian served as a director in Stan Johnson Company’s Chicago office. Prior to Stan Johnson Company, Christian was a vice president with Mid-America Real Estate Corpo

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Isaiah Harf

Northmarq

Contact

61 Listings
4964 Views
16 Sold

Isaiah Harf

Isaiah Harf is the Regional and Managing Director for Northmarq’s Chicago office and has been with the firm since October 2011. Focusing on the sale of net leased assets, Harf has closed more than $3 Billion in total transaction volume and has partnered with some of the nation’s most respected and trusted institutions, private equity managers and merchant developers. As one of the lead business development and execution specialists for the team, Harf provides extensive knowledge to buyers and s

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