At Home - Mt. Juliet, TN_Property for Sale
At Home - Mt. Juliet, TN_Property for Sale
535 Pleasant Grv Rd, Mount Juliet, TN, 37122-3798, US

At Home - Mt. Juliet, TN

Asset Description

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.


...

Attributes

Building area net
7,994 m²
Occupancy
100%
Year built
2019
Land area net
3.18 ha
WAULT
10.8 years
Asking price
MYR 70,294,000
Cap rate
7.25%

Media

Investment Highlights

  • 2019 Build-to-Suit Construction in At Home's #1 Target Market for Strategic Gowth
  • 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
  • +81K Residents within a 5-Mile Radius
  • +$122K Average HH Income in 3-Mile Radius
  • 2.9M Annual Visitors at Adjacent Paddocks Shopping Center


At Home - Mt. Juliet, TN 4_Property for Sale
At Home - Mt. Juliet, TN 4_Property for Sale

Contact brokers

At Home - Mt. Juliet, TN (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
20 May 2024