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At Home, Pekin, IL

At Home

Price $8,858,000
Cap Rate 7.00% Return
NOI $620,000
Lease Term 10 Years
Lease Type Net, with Tenant Responsible for Common Area Costs, Taxes, Insurance, and All Nonstructural Maintenance
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2019
Building Size 79,662 SF
Lot Size ± 7.346 Acres (319,9912 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW LONG-TERM CORPORATE NET LEASE WITH SCHEDULED RENTAL INCREASES
» Newly redeveloped in 2019
» 10-year lease with scheduled rental increases every five years, providing a hedge against inflation
» At Home (NYSE: “HOME”) is a leading home d•cor superstore, with 188 stores in 38 states and over $1 billion in annual revenue

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 54,700 vehicles per day on Atlanta Highway, Athens’ main retail corridor
» Convenient access to Epps Bridge Parkway (19,700 AADT)
» Located at the signalized intersection of Epps Bridge Road and Atlanta Highway
» Close proximity to Georgia Square Mall, a super-regional mall anchored by JCPenney, Belk, and Sears

CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» Near the University of Georgia, the largest college in the state and the largest employer in the area, with over 38,000 students and 10,741 employees
» Minutes from several of the region’s largest employers, including Piedmont Athens Regional Medical Center (over 3,300 employees), St. Mary’s Health Care System (2,090 employees), and Power Partners (450 employees)
» Population of 106,207 within a five-mile radius, providing a large customer base in the surrounding area
» 165,000 residents within a 15-minute drive of the property

EXTENSIVE REMODEL
» New roof and new HVAC system
» Over $3 million in improvements and upgrades



Property Description

The property is strategically located at the signalized intersection of Epps Bridge Road and Atlanta Highway, one of the area’s main thoroughfares, with excellent visibility and access to 54,700 vehicles per day directly in front of the property. Atlanta Highway intersects with Epps Bridge Parkway— which experiences a traffic count of 19,700 vehicles per day—just a few feet from the property. Located in a primary retail corridor, the property is surrounded by well-known tenants, including Target, Office Depot, Walmart Neighborhood Market, Chevron, and several car dealerships. The property is a short distance from Georgia Square Mall, a super-regional mall anchored by JCPenney, Belk, and Sears. Other notable tenants near the property include Academy Sports + Outdoors, Barnes & Noble, The Fresh Market, Home Depot, and Dollar Tree, amongst others.

The property is close to several important community amenities. The property is minutes from the University of Georgia, which is the largest college in the state and has a total enrollment of over 38,000 students. Several of the region’s largest employers are located near the property, including University of Georgia (10,741 employees), Piedmont Athens Regional Medical Center (over 3,300 employees), and St. Mary’s Health Care System (2,100 employees). Additionally, the property is supported by a large customer base, with a population of 106,207 within a five-mile radius.

Contact Us About This Property



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