At Home

1660 West Midway Boulevard, Broomfield, CO 80020

$9,000,000

Cap Rate 7.99%

$8,718,048

Cap Rate 8.25%

DOM: 87 Updated: 06.15.24 Posted: 10.28.23 Status: Sold 01.24.24

Summary

Price $9,000,000 $8,718,048	Built/Renov 1995	Tenant At Home
Cap Rate 7.99% 8.25%	Lease Type Abs NNN	Guarantor Corp Rated
Size/SF 115,853	Lease Start 08-01-2016	#Units 262
Price/SF $77.68 $75.25	Expiration 07-31-2031	Tenant Type Big Box Retail
NOI $719,239	R. Term 6.2	Ownership Fee Simple
Rent/SF $6.21	Increases 2.0%/1/yrs	Pop 5Mi 204,072
Lot/AC 11.22	Options 4/5yrs/2%	AHHI 5Mi $135,081

Lease Highlights

At Home has 7+ years remaining on the current lease term with 4 (5-year) options to extend
Lease features rare 2% annual rental increases throughout the initial term and each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

At Home enjoys a prime location with excellent accessibility and visibility along West Midway Boulevard, which has a daily traffic count of 17,908 vehicles. It is also conveniently situated just a short distance from Highway 287 (49,000 VPD). The property is directly adjacent to Little Caesars Pizza and Shell and is across West Midway Boulevard from Walgreens and Wells Fargo. This property is...

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Key Features

Signalized intersection
High traffic 50M+ VPD
Dense retail corridor
Highway location
Top 100 MSA
Strong demographics
Absolute NNN
Annual rent increases
Corporate Guarantee
Credit rated company

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Links

At Home Wikipedia At Home Wikipedia Broomfield, Colorado Zip Code 80020 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: At Home
Guarantor:Corp Rated
Company:Hellman & Friedman
# Units:262
Tenant S&P: CCC+
Moody’s: Caa1
Stock:Private

About Tenant

At Home Stores LLC, dba At Home, is an American chain of home decor stores. With an average footprint of 110,000 square feet, At Home offers up to 50,000 home products including furniture,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	11,221	69,148	211,231
2023 Total Population :	10,465	65,939	204,072
2023 Employed Civilian Pop :	6,308	39,549	119,572
2023 Total Businesses :	833	3,028	6,775
2023 Average Household Income :	$ 115,244	$ 131,667	$ 135,081
2023 Total Consumer Spending :	$ 464 M	$ 3088 M	$ 9545 M
2023 Median Age :	37	38	38
2023 Total Households :	4,667	27,445	82,707
2023 Pop Age 25+: Bachelor's Degree :	2,879	17,268	49,297
2023 Average Home Value :	$ 448,662	$ 530,489	$ 569,690

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US Highway 287	Railroad Dr	2020	44,000	0.07 mi
Nickel St	Retail Center	2016	6,551	0.07 mi
Interlocken Loop	Hwy 287	2014	50,000	0.10 mi
CO 121	Interlocken Loop	2021	48,884	0.10 mi
US Hwy 287	Interlocken Loop	2017	49,000	0.11 mi
Nickel Street	W Midway Blvd	2021	8,118	0.11 mi
Nickel Street	Retail Center	2019	5,848	0.11 mi
Nickel Street	Retail Center	2018	5,848	0.12 mi
US Hwy 287	Nickel St	2017	23,597	0.12 mi
West Midway Boulevard	Nickel St	2021	13,744	0.12 mi

Listing Broker

Chris Bosworth

CBRE: NLPG Atlanta

Contact

133 Listings
26694 Views
79 Sold

Brian Pfohl

CBRE: NLPG Atlanta

Contact

132 Listings
26010 Views
76 Sold

Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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Thomas Carr

CBRE: NLPG Atlanta

Contact

135 Listings
26881 Views
78 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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