At Home - Master Lease Portfolio
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At Home - Master Lease Portfolio
5 Retail Properties Offered at $41,779,893 in Multiple Locations
Investment Highlights
- Absolute NNN Master Lease
- Strong Store Sales Performance & Rent Coverage Ratio
- 5-Mile Average Population: 80,000+
- Attractive Low Basis of $78 PSF
- 2% Annual Rent Increases
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in five At Home Properties located across Texas, Mississippi, and Ohio (collectively the "Properties" or "Portfolio"). The Portfolio is leased on an absolute triple net basis under a single master lease agreement with over six 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 534,881 square feet on 46.30 acres.
Property Facts
| Price | $41,779,893 | Number of Properties | 5 |
| Price / SF | $78.08 / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 535,095 SF |
| Sale Type | Investment NNN | Total Land Area | 46.29 AC |
| Status | Active |
| Price | $41,779,893 |
| Price / SF | $78.08 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 535,095 SF |
| Total Land Area | 46.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 15065 Creosote Rd, Gulfport, MS 39503 | Retail | 115,574 SF | 1988 | - |
|
At Home
2244 S Reynolds Rd, Toledo, OH 43614 |
Retail | 111,761 SF | 1972 | - |
| 2650 W Interstate 20, Grand Prairie, TX 75052 | Retail | 109,415 SF | 2000 | - |
| 642 S Walnut Ave, New Braunfels, TX 78130 | Retail | 89,945 SF | 1995 | - |
| 1600 W Kelly Ave, Pharr, TX 78577 | Retail | 108,400 SF | 2014 | - |
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BJ Feller -
Mark Lovering -
Northmarq
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At Home - Master Lease Portfolio
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