5501 Grove Blvd | Hoover, AL 35226
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5501 Grove Blvd
Hoover, AL 35226
At Home - Master Lease Portfolio · Retail Property For Sale · 778,244 SF Total
INVESTMENT HIGHLIGHTS
- Absolute NNN Master Lease
- Strong Store Sales Performance & Rent Coverage Ratio
- Attractive Low Basis of $90 PSF
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase the fee simple interest in six At Home Properties located across Alabama, Louisiana, Florida, Oklahoma, and Kansas (collectively the "Properties" or "Portfolio"). The Portfolio is leased on an absolute triple net basis under a single master lease agreement with over eight years of base lease term remaining. The lease provides for 2.00% annual rent escalations throughout the base term and four option periods, providing a boost to the overall cash flow of the Portfolio. The Portfolio encompasses 704,529 square feet on 72.90 acres.
PROPERTY FACTS
| Price / SF | $118.38 CAD / SF | Number of Properties | 6 |
| Cap Rate | 7.50% | Individually For Sale | 0 |
| Sale Type | Investment NNN | Total Building Size | 778,244 SF |
| Status | Active | Total Land Area | 72.90 AC |
| Price / SF | $118.38 CAD / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 778,244 SF |
| Total Land Area | 72.90 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5501 Grove Blvd, Hoover, AL 35226 | Retail | 109,301 SF | 2014 | - |
|
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