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At Home - NNN Portfolio 5 Retail Properties Offered at $48,078,806 CAD 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
- 2.5% 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"). Each Property is leased on an absolute triple net basis under individual lease agreements with 14 years and 9 months of base lease term remaining. Each lease provides for 2.50% 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 535,872 square feet on 46.29 acres.
Property Facts
| Price | $48,078,806 CAD | Number of Properties | 5 |
| Price / SF | $90.11 CAD / SF | Individually For Sale | 1 |
| Cap Rate | 8.50% | Total Building Size | 533,532 SF |
| Sale Type | Investment NNN | Total Land Area | 46.28 AC |
| Status | Active |
| Price | $48,078,806 CAD |
| Price / SF | $90.11 CAD / SF |
| Cap Rate | 8.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 1 |
| Total Building Size | 533,532 SF |
| Total Land Area | 46.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 15065 Creosote Rd, Gulfport, MS 39503 | Retail | 114,516 SF | 1988 | - |
| 2244 S Reynolds Rd, Toledo, OH 43614 | Retail | 110,788 SF | 1972 | $6,195,227 CAD |
| 2650 W Interstate 20, Grand Prairie, TX 75052 | Retail | 109,559 SF | 2000 | - |
| 642 S Walnut Ave, New Braunfels, TX 78130 | Retail | 89,729 SF | 1995 | - |
| 1600 W Kelly Ave, Pharr, TX 78577 | Retail | 108,940 SF | 2014 | - |
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At Home - NNN Portfolio
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