At Home - Lacey, WA

JLL is pleased to offer for sale the absolute NNN interest in a single-tenant At Home property (the “Property”). The Property is located in the central Lacey, WA trade area and situated on an endcap of the South Sound Center, which receives over 4.6 million visitors annually and provides strong visibility, ample parking, and multiple access points. The Property features $1.46/SF rent increases every 5 years (10% rent increase in 5 years) with three (3) five-year extension options, each with 10% rent escalations. The Property has 12+ years of remaining lease term and is corporately guaranteed by At Home Group, Inc. The Property is located in the Lacey retail trade area, which boasts high barriers to entry with no retail development under construction and only 45,000 square feet delivered over the past 12 months, as well as a low vacancy rate of 2.1%. Within a 5-mile radius of the Property, the population grew by over 21.3% in the last decade, with average household incomes equaling $111,142.