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Views: 85 DOM: 219 Updated: 10.15.24 Posted: 04.16.24 Status: Active

Summary

Price $8,065,900
Built/Renov 1992
Tenant At Home
Cap Rate 10.00%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 134,880
Lease Start 03-25-2022
#Units 262
Price/SF $59.80
Expiration 03-31-2037
Tenant Type Big Box Retail
NOI $806,590
R. Term 12.4
Ownership Fee Simple
Rent/SF $5.98
Increases 2.0%/1/yrs
Pop 5Mi 153,672
Lot/AC 13.99
Options 4/5yrs/2%
AHHI 5Mi $126,865

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 increases throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

At Home is strategically located on W 86th Street, a significant east/west thoroughfare, with access to 34,116 vehicles passing by daily. The property enjoys adjacency to a Walmart Supercenter and proximity to well-known national tenants such as Costco, Lowe’s Home Improvement, and Trader Joe’s. Furthermore, it is conveniently located less than 1 mile from the Ascension St. Vincent Hospital...

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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 : 10,428 62,367 155,459
2023 Total Population : 10,595 62,292 153,672
2023 Employed Civilian Pop : 6,330 35,107 85,597
2023 Total Businesses : 980 3,609 8,079
2023 Average Household Income : $ 77,491 $ 105,273 $ 126,865
2023 Total Consumer Spending : $ 390 M $ 2478 M $ 7161 M
2023 Median Age : 37 37 39
2023 Total Households : 5,714 27,094 65,673
2023 Pop Age 25+: Bachelor's Degree : 2,644 12,790 35,171
2023 Average Home Value : $ 218,696 $ 339,806 $ 384,011
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West 86th Street Colby Blvd 2021 25,291 0.18 mi
Colby Boulevard Le Mode Ct 2021 2,550 0.37 mi
Michigan Road Oak Lake Cir N 2021 23,281 0.40 mi
Michigan Rd Talavera Dr 2017 27,028 0.44 mi
Barnard Street Lake Forest Dr 2021 2,550 0.54 mi
West 86th Street W 86th St 2018 12,088 0.61 mi
West 86th Street Naab Rd 2021 17,386 0.61 mi
Township Line Rd Marquette Cir South Dr 2009 15,073 0.70 mi
Michigan Rd Vincennes Rd 2016 33,464 0.72 mi
Colgate Street Colgate St 2021 2,550 0.72 mi

Listing Broker

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