At Home - Plano, TX_Property for Sale
At Home - Plano, TX_Property for Sale
5540 State Highway 121, Plano, TX, 75024-6609, US

At Home - Plano, TX

Asset description

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. 

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Attributes

Building area net
106,904 sf
Occupancy
100%
Year built
2018
WAULT
10.7 years
Annual escalation
Fixed

Media

Investment highlights

  • A+ REAL ESTATE FUNDAMENTALS IN THE MIDDLE OF PLANO’S BUSINESS DISTRICT ADJACENT TO NEW MEGADEVELOPMENT "GRANITE PARK"
  • IMMEDIATE ACCESS TO HIGHWAY 21: 160,000 VPD 
  • 131% 1-MILE POPULATION GROWTH SINCE 2010
  • 3-MILE AHHI OF $165,000
  • 1-MILE DAYTIME POPULATION OF 36,000
  • ABS NNN LEASE WITH ANNUAL GROWTH AND NO LANDLORD RESPONSIBILITES AND 10.7 YEARS OF REMAINING TERM
At Home - Plano, TX 4_Property for Sale

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At Home - Plano, TX (0 Properties)

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Last updated
Nov 11, 2024