Calloway's Nursery - Dallas, TX
7600 Greenville Ave, Dallas, TX, 75231, US
35,000 sf
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 in Garland, TX.
The Property totals 135,655 SF and features 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 with over 12 years of remaining term, 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 asset is located with frontage along President George Bush Tpke with exposure to 73,036 VPD. The Asset sits on 10.80 AC of land and over 1,000 apartment units have been delivered within 1-mile since 2021. The surrounding 3-mile population has experienced a robust 20% growth since 2010. Firewheel Town Center sits across the highway from the Asset and attracts more than 6 million shoppers annually.
The Offering provides investors with the opportunity to acquire over 12 years of passive cash flow from a national retail tenant, with in-place renewal options, an exceptional surrounding demographic profile and a tremendous residual development opportunity.