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Views: 92 DOM: 197 Updated: 08.27.24 Posted: 05.08.24 Status: Active

Summary

Price $7,728,878
Built/Renov 1987/2019
Tenant At Home
Cap Rate 9.00%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 113,134
Lease Start 03-25-2022
#Units 262
Price/SF $68.32
Expiration 03-31-2037
Tenant Type Big Box Retail
NOI $695,599
R. Term 12.4
Ownership Fee Simple
Rent/SF $6.15
Increases 2.0%/1/yrs
Pop 5Mi 181,028
Lot/AC 11.87
Options 4/5yrs/2%
AHHI 5Mi $131,017

Lease Highlights

  • At Home has 12+ 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 Watts Road, with access to 16,952 vehicles passing by daily. The property is positioned directly off the on/off ramps for U.S. Route 14 (78,403 VPD), a major interstate highway that connects Madison to Chicago. Additionally, it is situated as an outparcel to Walmart, within a dominant commercial corridor that boasts well-known national tenants including...

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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 : 12,336 99,637 185,856
2023 Total Population : 12,169 96,655 181,028
2023 Employed Civilian Pop : 7,086 55,203 102,543
2023 Total Businesses : 1,151 3,623 7,134
2023 Average Household Income : $ 94,696 $ 123,713 $ 131,017
2023 Total Consumer Spending : $ 516 M $ 4709 M $ 8993 M
2023 Median Age : 35 39 37
2023 Total Households : 6,288 44,408 80,134
2023 Pop Age 25+: Bachelor's Degree : 2,918 24,784 45,041
2023 Average Home Value : $ 408,578 $ 414,818 $ 447,494
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Watts Rd S Gammon Rd 2009 19,400 0.09 mi
W Beltline Hwy S Gammon Rd 2018 7,900 0.12 mi
S Gammon Rd Seybold Rd 2009 46,250 0.13 mi
S Gammon Rd Watts Rd 2009 23,200 0.15 mi
Watts Rd S Gammon Rd 2009 8,050 0.16 mi
W Beltline Hwy S Gammon Rd 2018 6,400 0.19 mi
West Beltline Highway Harbor House Dr 2019 70,600 0.20 mi
W Beltline Hwy S Gammon Rd 2018 12,600 0.25 mi
W Beltline Hwy S Gammon Rd 2018 13,800 0.26 mi
S Gammon Rd Odana Rd 2009 42,500 0.31 mi

Listing Broker

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