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|Current / Passing Rent||
|Remaining Term||14 years, 9 months|
|Tenant||At Home Stores LLC|
JLL is pleased to offer for sale the fee simple interest in a freestanding single-tenant At Home located in Pearland, Texas (Houston MSA). At Home Stores, LLC operates on an absolute NNN lease structure with 2% annual rental increases and no landlord responsibilities.
The asset is located within one of the fastest-growing cities in the Houston metropolitan area with affluent demographics. The tenant operates with a guarantee from their parent company At Home Holding III Inc. At Home (NYSE: HOME) is a specialty home décor retail that reported over $1.4 billion in revenue in the fiscal year 2020.
- Long-term absolute NNN lease
- 2% annual rental increases and no landlord responsibilities
- At Home (NYSE: HOME) preliminary Q2 earnings - best quarter in history
- Reported over $1.4 billion in revenue in the fiscal year 2020
- Site was selected by Corporate At Home to build a new store in 2018
- Excellent visibility along Broadway Street within a regional retail corridor