Sprouts Farmers Market - Dallas, TX
17795 Dallas Parkway, Dallas, TX, 75287, US
€10,897,000 | 1,854 m²
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant At Home (the “Property” or “Asset”) located at 2201 Porter Creek Drive in Fort Worth, TX.
The Property totals 109,489 SF and features a 9.3 years remaining on the lease with a corporate guaranty from At Home, a unique home décor concept that offers up to 45,000 home décor items for every household room (the “Tenant”). The lease structure is an absolute NNN lease, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 2% annual rent bumps throughout the primary term & renewal options. The Property is ranked in the top 16th percentile of At Home stores in the nation for annual visits, per Placer.ai.
The asset is located with frontage along Ronald Reagan Memorial Highway, which sees ±72,000 vehicles per day, and adjacent to numerous top preforming retailers including the Cityview Centre shopping center, Academy Sports, Target, Lowe’s Home Improvement, T.J. Maxx, McDonald’s, and a Walmart Super Center, which see a combined 11.36 million annual visitors and are all ranked in the top 20th percentile or higher for their respective stores in the nation for annual visitors, per Placer.ai.
The Offering provides investors with the opportunity to acquire over 9.3 years of passive cash flow from a national retail tenant in a premier market with exceptional real estate fundamentals.