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Views: 65 DOM: 143 Updated: 08.30.24 Posted: 04.26.24 Status: Active

Summary

Price $11,414,813
Built/Renov 2002
Tenant At Home
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 149,710
Lease Start 10-01-2023
#Units 262
Price/SF $76.25
Expiration 09-30-2029
Tenant Type Big Box Retail
NOI $856,111
R. Term 5.0
Ownership Fee Simple
Rent/SF $5.72
Increases 2.0%/1/yrs
Pop 5Mi 358,175
Lot/AC 11.98
Options 4/5yrs/2%
AHHI 5Mi $107,866

Lease Highlights

  • At Home has 5+ 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 | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

At Home is strategically located on Greenfield Road, with access to 66,534 vehicles passing by daily. Conveniently situated less than 1 mile from the US-60 Freeway (249,545 VPD), the property enjoys high visibility and accessibility. Positioned within the dense retail corridor of Greenfield Gateway, the area is surrounded by well-known national tenants, including Walmart Supercenter,...

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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 : 13,383 125,839 358,484
2023 Total Population : 13,603 126,893 358,175
2023 Employed Civilian Pop : 7,584 62,969 176,699
2023 Total Businesses : 882 3,597 9,789
2023 Average Household Income : $ 116,684 $ 105,831 $ 107,866
2023 Total Consumer Spending : $ 534 M $ 4510 M $ 12507 M
2023 Median Age : 35 39 37
2023 Total Households : 5,282 49,325 133,923
2023 Pop Age 25+: Bachelor's Degree : 2,486 21,991 57,527
2023 Average Home Value : $ 495,140 $ 409,888 $ 407,174
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Baseline Rd N Greenfield Rd 2007 29,195 0.11 mi
North Greenfield Road E Valley Auto Dr 2018 33,899 0.15 mi
N Greenfield Rd E Valley Auto Dr 2015 43,474 0.15 mi
North Greenfield Road E Valley Auto Dr 2018 55,846 0.20 mi
N Greenfield Rd E Baseline Rd 2004 30,952 0.22 mi
North Greenfield Road Eastern 2019 34,767 0.28 mi
E Baseline Rd E Superstition Triangle 2011 14,842 0.29 mi
E Baseline Rd E Valley Auto Dr 2015 25,074 0.32 mi
East Baseline Road E Valley Auto Dr 2018 25,074 0.32 mi
N Greenfield Rd 2022 15,901 0.33 mi

Listing Broker

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