National At Home Portfolio 2024_Property for Sale
National At Home Portfolio 2024_Property for Sale
Various locations

National At Home Portfolio 2024

Portfolio description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in a portfolio of single-tenant At Home (the “Portfolio” or “Assets”) located in major markets across the Sunbelt, Mid-Atlantic, and Midwest. The Properties are available individually or as a Portfolio.


The Portfolio totals 720,000+ SF and features a WALT of 10.8 years lease with corporate guaranties 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 for 6 of the 7 assets absolute net, 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 centers that house the properties exhibit exceptional demographics, with 5-mile population / average household income surrounding all 7 properties averaging to over 158,00 residents and $98,000.

...

Attributes

Number of buildings
7
Cap rate
8%
NOI
€6,606,000
WAULT
10.8 years
Building area net
66,535 m²
Land area gross
23.75 ha
Occupancy
100%
Lease type
Absolute Triple Net
National At Home Portfolio 2024 (7 Properties)
National At Home Portfolio 2024 (7 Properties)

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Investment Highlights

  • Corporate Guarantees from At Home
  • Absolute NNN Lease Structures with Zero Landlord Responsibilities
  • Incredible Surrounding Demographics
  • Annual rental increases and 4, 5 year renewal options
National At Home Portfolio 2024 4_Property for Sale
National At Home Portfolio 2024 4_Property for Sale

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Last updated
21 Jun 2024