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At Home 2301 Rio Grande Blvd 86,000 sq ft 4-Star Retail Property Euless, TX 76039 £11,209,650 (£130.34/sq ft) 8.31% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Long Term NN Investment
- Brand New Build-to-Suit Construction
- Large Security Deposit
- Relocation Store
EXECUTIVE SUMMARY
Surmount and Venture Commercial Real Estate are pleased to present the exclusive listing for an At Home facility in Euless, Texas. The sites consists of a total of roughly 86,000 rentable square feet of building space. This property is subject to a 15-year double-net (NN) lease with approximately 13.4 years remaining. The current annual rent is $1,247,000 and will increase to $1,360,520 on 4/1/2028 with an additional 10% increase on 4/1/2029. There are 10% rental increases ever 5 years throughout the remainder of the base term and in the 5, 5-year tenant renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Department Store
Property Size
86,000 sq ft
Costar Property Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
£11,209,650
Price per sq ft
£130.34
Yield
8.31%
NOI
£931,896
Tenancy
Single
Number of Floors
1
Plot ratio
0.26
Total Plot Size
7.52 ac
Frontage
750 ft on Rio Grande Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £3,286,187 | |
| Land Assessment | £2,234,282 | Total Assessment | £5,520,469 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2,234,282
Improvements Assessment
£3,286,187
Total Assessment
£5,520,469
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At Home | 2301 Rio Grande Blvd
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