Rogue Valley Mall - Sale
1600 N Riverside Ave, Medford, OR, 97501-4652, US
644,332 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 4304 W Loop 289 Acc Rd in Lubbock, TX.
The Property totals 140,280 SF and features a 4.9 years remaining on the lease with 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, 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 Property is ranked in the top 10th percentile of At Home stores in the nation for annual visits, per Placer.ai.
The asset is located with frontage along Texas 289 Loop Frontage, which sees ±75,000 vehicles per day, and adjacent to numerous top preforming retailers and retail centers including the Canyon West shopping center and the West End Center, which see a combined 8.9 million annual visitors and are both ranked in the top 7th percentile or higher for power centers and regional malls, respectively, in the nation for annual visitors, per Placer.ai.
The Offering provides investors with the opportunity to acquire over 4.9 years of passive cash flow from a national retail tenant in a premier market with exceptional real estate fundamentals.