At Home - Avon, IN_Propriété à vendre
At Home - Avon, IN_Propriété à vendre
216 Gable Crossing Dr, Avon, IN, 46123-6689, US

At Home - Avon, IN

Description de l'actif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in an 96,164 square foot freestanding, single-tenant At Home retail property located at 216 Gable Crossing Drive in Avon, IN (“Property” or “Asset”). Founded in 1979, At Home is a unique home décor concept that offers up to 45,000 home décor items for every household room. The Property is shadow anchored by Walmart, the largest supermarket chain in the world.

The Asset is 100% leased to At Home Stores LLC (“At Home” or “Tenant”) with 10.8 years of remaining primary lease term, annual rent increases, four, five-year renewal options and a corporate guaranty. Initially constructed as a build-to-suit for the Tenant in 2019, the Tenant has a proven commitment to the site by signing a 15-year, absolute NNN lease with zero landlord responsibilities.

The Property is located just 8 miles from downtown Indianapolis, which was ranked 2023’s #1 U.S. city in which to start a business by Forbes magazine. Ideally positioned along Rockville Road (45,000 VPD), At Home is in the heart of a major retail corridor home to national retailers such as Costco, Walmart Supercenter, Target, Hobby Lobby, Dick’s Sporting Goods and more. The Property’s location boasts exceptional demographics, with 146,000+ residents earning an average HH income of over $102,000 in the surrounding five-mile radius.

This rare opportunity allows investors the ability to acquire an established retail asset with exceptional surrounding demographics coupled with a passive, long-term and growing income stream located in the Indianapolis MSA.


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Attributs

Superficie du bâtiment nette
8 377 mètres carrés
Occupation
100 %
Année de construction
2019
Superficie du terrain nette
3,17 ha
WAULT
10.8 années
Prix demandé
14 590 000 $
Taux de capitalisation
7,25 %

Média

Points forts de l'investissement

  • 2019 Build-to-Suit Construction in 1.8% vacancy submarket
  • 10.7+ Years of Term Remaining with Annual Rent Escalations
  • Shadow Anchored by Walmart, the largest supermarket chain in the world
  • $110K Average HH Income within a 3-Mile Radius
  • +146K Residents within a 5-Mile Radius
  • #3 At Home in Indiana by Visits (Placer.ai)
  • Retail Corridor Location with +45,000 Vehicles per Day Frontage
At Home - Avon, IN 4_Propriété à vendre
At Home - Avon, IN 4_Propriété à vendre

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At Home - Avon, IN (0 Propriétés)
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Dernière mise à jour
16 mai 2024