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Kohl's | New 12yr Corp Abs NNN | Annual Incrs 1854 Sun Vista Dr

55,131 SF 4-Star Retail Building Lutz, FL 33559 $16,100,000 ($292/SF) 6.41% Cap Rate

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Investment Highlights

Brand New 12-Year Lease | Options To Extend | New Construction | Corporate Guaranteed | Annual Increases | Established Brand
Adjacent To Top Performing At Home Location In Florida |Interstate-75 (122,500 VPD) | Dense Retail & Residential Corridor
Strong Demographics In 5-Mile Trade Area | Affluent Community

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Outparcel To The Tampa Premium Outlets (5.5M+ Visits) | Located In Top Performing Trade Area In Tampa MSA

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed (NYSE: KSS), Kohl’s investment property located in Wesley Chapel, Florida (Tampa MSA). The tenant, Kohl’s Inc., recently signed a brand new 12 year lease with 7 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% rental increases, beginning in year 3, throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.