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La-Z-Boy Corporate Sale-Leaseback 5 Retail Properties Offered at $41,280,096 in Multiple Locations
Investment Highlights
- Corporate guarantee from La-Z-Boy Incorporated (NYSE: LZB)
- 10-12 years of initial lease term
- Three established locations plus two recently developed Arizona stores
- Five-property portfolio across three states
- Contractual rental increases
- Significant recent and planned investment into the portfolio
Executive Summary
La-Z-Boy Corporate Sale-Leaseback Portfolio | 5 Properties
Property Description: Savills is pleased to exclusively offer a five-property La-Z-Boy sale-leaseback portfolio totaling approximately 106,195 SF across Virginia, Indiana and Arizona. The offering provides investors the opportunity to acquire a diversified retail portfolio backed by La-Z-Boy Incorporated (NYSE: LZB). La-Z-Boy reported record FY2026 consolidated sales of approximately $2.13 billion and continues to invest in and expand its company-owned retail footprint.
Four properties will feature new 10-year corporate-guaranteed NN leases with 10% rental increases every five years. La-Z-Boy will be responsible for common areas, HVAC, parking, property taxes and utilities, with landlord responsibility limited to roof and structure.
The Mesa, AZ property will feature a 12-year NNN lease, four five-year renewal options and 5% increases during each option period.
Property Description: Savills is pleased to exclusively offer a five-property La-Z-Boy sale-leaseback portfolio totaling approximately 106,195 SF across Virginia, Indiana and Arizona. The offering provides investors the opportunity to acquire a diversified retail portfolio backed by La-Z-Boy Incorporated (NYSE: LZB). La-Z-Boy reported record FY2026 consolidated sales of approximately $2.13 billion and continues to invest in and expand its company-owned retail footprint.
Four properties will feature new 10-year corporate-guaranteed NN leases with 10% rental increases every five years. La-Z-Boy will be responsible for common areas, HVAC, parking, property taxes and utilities, with landlord responsibility limited to roof and structure.
The Mesa, AZ property will feature a 12-year NNN lease, four five-year renewal options and 5% increases during each option period.
Property Facts
| Price | $41,280,096 | Number of Properties | 5 |
| Price / SF | $388.72 / SF | Individually For Sale | 1 |
| Cap Rate | 5.98% | Total Building Size | 106,195 SF |
| Sale Type | Investment | Total Land Area | 8.84 AC |
| Status | Active |
| Price | $41,280,096 |
| Price / SF | $388.72 / SF |
| Cap Rate | 5.98% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 1 |
| Total Building Size | 106,195 SF |
| Total Land Area | 8.84 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
La-Z-Boy
1430 S Power Rd, Mesa, AZ 85206 |
Retail | 21,539 SF | 1998 | $11,126,250 |
|
La-Z-Boy
20965 E Rittenhouse Rd, Queen Creek, AZ 85142 |
Retail | 15,600 SF | 2024 | - |
|
La-Z-Boy
16350 Cactus Rd, Surprise, AZ 85388 |
Retail | 17,640 SF | 2026 | - |
| 3859 State Road 26, Lafayette, IN 47905 | Retail | 36,666 SF | 2006 | - |
| 21320 Signal Hill Plz, Sterling, VA 20164 | Retail | 14,750 SF | 2001 | - |
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