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At Home - Master Lease Portfolio 6 Retail Properties Offered at $63,691,213 in Multiple Locations
Investment Highlights
- Absolute NNN Master Lease
- Strong Store Sales Performance & Rent Coverage Ratio
- Attractive Low Basis of $90 PSF
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase the fee simple interest in six At Home Properties located across Alabama, Louisiana, Florida, Oklahoma, and Kansas (collectively the "Properties" or "Portfolio"). The Portfolio is leased on an absolute triple net basis under a single master lease agreement with over eight years of base lease term remaining. The lease provides for 2.00% annual rent escalations throughout the base term and four option periods, providing a boost to the overall cash flow of the Portfolio. The Portfolio encompasses 704,529 square feet on 72.90 acres.
Property Facts
| Price | $63,691,213 | Number of Properties | 6 |
| Price / SF | $90.72 / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 702,059 SF |
| Sale Type | Investment NNN | Total Land Area | 66.29 AC |
| Status | Under Contract |
| Price | $63,691,213 |
| Price / SF | $90.72 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment NNN |
| Status | Under Contract |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 702,059 SF |
| Total Land Area | 66.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5501 Grove Blvd, Hoover, AL 35226 | Retail | 108,525 SF | 2014 | - |
| 1919 Wells Rd, Orange Park, FL 32073 | Retail | 174,543 SF | 2002 | - |
| 2000-2016 E Santa Fe St, Olathe, KS 66062 | Retail | 99,990 SF | 1985 | - |
| 301 S Towne East Mall Dr, Wichita, KS 67207 | Retail | 103,214 SF | 1980 | - |
| 4210 Ambassador Caffery Pky, Lafayette, LA 70508 | Retail | 107,576 SF | 2016 | - |
| 621 SW 19th St, Moore, OK 73160 | Retail | 108,211 SF | 2016 | - |
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At Home - Master Lease Portfolio