At Home - Mt. Juliet, TN

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in an 89,051 square foot freestanding, single-tenant At Home retail property located at 535 Pleasant Grove Road in Mt. Juliet, TN (“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 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 13 miles from downtown Nashville, which was ranked 2022’s #1 Market for Real Estate Investment by ULI. Positioned at the northwest quadrant of Interstate 40 (80,000 VPD) and N Mt. Juliet Road (33,000 VPD), At Home is a part of The Paddocks at Mt. Juliet Shopping Center which is in the top 10% of shopping centers nationwide for annual visitors per Placer.ai. The Paddocks is also home to national retailers such as Walmart Supercenter, Lowe’s, Academy Sports + Outdoors and more. The Property’s location boasts exceptional demographics, with 81,000+ residents earning an average HH income of over $119,000 in the surrounding five-mile radius, and well above the national average.

This rare opportunity allows investors the ability to acquire an established retail asset with a passive, long-term and growing income stream and an opportunistic yield located in the Nashville MSA.