loader
Join Free
Views: 67 DOM: 11 Updated: 09.05.24 Posted: 09.05.24 Status: Active

Summary

Price $16,100,000
Built/Renov 2024
Tenant Kohl's
Cap Rate 6.41%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 55,131
Lease Start 09-15-2024
#Units 1,174
Price/SF $292.03
Expiration 01-31-2037
Tenant Type Big Box Retail
NOI $1,031,250
R. Term 12.4
Ownership Fee Simple
Rent/SF $18.71
Increases 2.0%/1/yrs
Pop 5Mi 121,602
Lot/AC 4.60
Options 7/5yrs/2%
AHHI 5Mi $128,594

Lease Highlights

  • Brand new 2024 construction
  • The tenant recently signed a new 12-year lease with 7 (5-year) options to extend
  • The lease features 2% annual increases beginning in year 3 and continuing throughout the remainder of the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: KSS)

Location Description

Kohl's is strategically located on Sun Vista Drive and serves as an outparcel to the Tampa Premium Outlets, a retail center featuring well-known national tenants such as Nike, Adidas, Under Armour, Chick-fil-A, and more. The outlets rank in the 96th percentile among shopping centers nationwide, attracting over 5.5 million annual visits (according to Placer.ai). Additionally, the adjacent At...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity