At Home - Fort Worth, TX
2201 Porter Creek Dr, Fort Worth, TX, 76177-2335, US
10,034 sm
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 in Plano, TX.
The Property totals 108,490 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 10.5 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 positioned in the heart of Plano’s business district across the street from Granite Park mixed-use development featuring 2.4 million square feet of office, retail, restaurant, and hotel space. Since 2010, the surrounding 1-mile population has experienced an unprecedented 131% growth and a daytime population of more than 36,000. Average household incomes within that radius exceed $120,000 annually. The Asset sits on an oversized 7.80-acre parcel with clear exposure to Highway 121 (160,000 VPD).
The Offering provides investors with the opportunity to acquire a long-term, passive cash flow from a national retail tenant with in-place renewal options in a premier growth market with tremendous future redevelopment upside.