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Views: 42 DOM: 99 Updated: 06.18.24 Posted: 04.04.24 Status: Active

Summary

Price $8,989,299
Built/Renov 1999/2017
Tenant Kohl's
Cap Rate 7.85%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 62,117
Lease Start 12-22-1999
#Units 1,174
Price/SF $144.72
Expiration 06-30-2032
Tenant Type Big Box Retail
NOI $705,660
R. Term 7.11
Ownership Fee Simple
Rent/SF $11.36
Increases 0.0%/0/yrs
Pop 5Mi 79,538
Lot/AC 4.84
Options 3/5yrs
AHHI 5Mi $70,323

Lease Highlights

  • Kohl’s has been operating in this location since 1999
  • The tenant has 8 years remaining on the current lease term with 3 (5-year) options to extend
  • Transferable roof warranty until 2030
  • Corporate guaranteed lease (NYSE: KSS)

Location Description

Kohl's is strategically located on Rogers Ave, with access to 30,000 vehicles passing by daily. The property is situated within a dense retail trade area, with over 1.5M SF of retail within 1 mile and surrounded by well-known national retailers, including Lowe’s, Walmart, McDonald’s, Chick-Fil-A, and more. The 5-mile trade area is supported by a population of 79,538 residents with an average...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kohl's
  • Guarantor:Corp T and Rated
  • Company:Kohl's Corporation
  • # Units:1,174
  • Tenant S&P: BB
  • Moody’s: Ba2
  • Stock: NYSE: KSS

About Tenant

Kohl's Corporation (Kohl’s) (NYSE: KSS) is an American department store retail chain that sells moderately-priced private and national brand apparel, footwear, accessories, beauty, and home...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,425 30,311 79,753
2023 Total Population : 5,421 29,913 79,258
2023 Employed Civilian Pop : 2,629 14,844 35,895
2023 Total Businesses : 442 1,573 3,990
2023 Average Household Income : $ 88,532 $ 95,788 $ 75,472
2023 Total Consumer Spending : $ 174 M $ 1078 M $ 2159 M
2023 Median Age : 46 43 38
2023 Total Households : 2,304 13,001 32,723
2023 Pop Age 25+: Bachelor's Degree : 965 4,795 8,863
2023 Average Home Value : $ 257,835 $ 265,182 $ 206,798
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South 74th Street Dallas Dr 2021 10,000 0.32 mi
Massard Road Enid St 2021 8,000 0.35 mi
Rogers Avenue S 83rd St 2021 28,000 0.35 mi
Horan Drive Camelot Dr 2021 1,600 0.41 mi
South 74th Street Abbey Rd 2021 12,000 0.43 mi
Phoenix Avenue S 79th St 2021 18,000 0.45 mi
Rogers Avenue S 70th St 2021 37,000 0.51 mi
S 70th St Dallas St 2017 4,100 0.57 mi
South 70th Street Rogers Ave 2021 3,900 0.57 mi
South 91st Street Houston St 2021 3,700 0.88 mi

Listing Broker

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