At Home - Fort Worth, TX_Property for Sale
At Home - Fort Worth, TX_Property for Sale
2201 Porter Creek Dr, Fort Worth, TX, 76177-2335, US

At Home - Fort Worth, TX

Asset Description

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.

...

Attributes

Building area net
10,034 m²
Land area net
4.28 ha
Year built
2015
Lease type
Absolute Triple Net
WALT
9.3 years
NOI
€1,076,000

Media

Investment Highlights

  • Top 16th Percentile Of At Home’s Nationally, Per Placer.Ai
  • 79.2% Annual Population Growth Within A 3-Mile Radius Of The Property
  • Proximate Adjacent To 3.9m Annual-Visitor Cityview Centre
  • Adjacent To Ronald Reagan Memorial Hwy With Exposure To 72,000 VPD
  • Over $130k Avg HH Income In 3-Mile Radius Of The Property
  • 170+ Corporate HQ Relocations To DFW Since 2010
At Home - Fort Worth, TX 4_Property for Sale

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At Home - Fort Worth, TX (0 Properties)

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Last updated
10 Nov 2024