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At Home 2301 Rio Grande Blvd 86,000 SF 4-Star Retail Building Euless, TX 76039 $15,000,000 ($174.42/SF) 8.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term NN Investment
- Brand New Build-to-Suit Construction
- Large Security Deposit
- Relocation Store
EXECUTIVE SUMMARY
Surmount and Venture Commercial Real Estate are pleased to present the exclusive listing for an At Home facility in Euless, Texas. The sites consists of a total of roughly 86,000 rentable square feet of building space. This property is subject to a 15-year double-net (NN) lease with approximately 13.4 years remaining. The current annual rent is $1,247,000 and will increase to $1,360,520 on 4/1/2028 with an additional 10% increase on 4/1/2029. There are 10% rental increases ever 5 years throughout the remainder of the base term and in the 5, 5-year tenant renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Department Store
Building Size
86,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$15,000,000
Price Per SF
$174.42
Cap Rate
8.31%
NOI
$1,247,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
7.52 AC
Frontage
750’ on Rio Grande Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42540460 | Improvements Assessment | $4,397,354 |
| Land Assessment | $664,720 | Total Assessment | $5,062,074 |
PROPERTY TAXES
Parcel Number
42540460
Land Assessment
$664,720
Improvements Assessment
$4,397,354
Total Assessment
$5,062,074
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At Home | 2301 Rio Grande Blvd
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