Department Store
Kohl's | NNN Ground Lease | Detroit MSA
35000 Warren Rd, Westland, MI 48185
Listing Price: $18,934,200
Investment Overview
Today, with 80 percent of Americans living within 15 miles of a Kohl’s store, they continue to innovate and offer shoppers convenient services, opportunities for discovery and an overall inviting experience. Store investment and modernization strategies include new store format tests, service pilots, merchandising evolutions, and more, all while still providing an industry-leading shopping experience that our customers know and love. What began as one store in Wisconsin has expanded into a leading omnichannel retailer with more than 1,100 locations in 49 states. Over the years, Kohl’s has evolved and grown its shopping experience, including groundbreaking partnerships with Sephora and Amazon. Kohl’s will include a Sephora presence at all locations. Stores that once sold a little of everything - even motor oil and lawn mowers - have transformed into a destination for active and casual lifestyles and prestige beauty.
Investment Highlights
- NNN Ground Lease - Zero Landlord Responsibilities
- 14 years remaining on the base term, with four 5-year renewal options and built-in regular rent increases
- Corporate Guaranteed by one the largest national retailers with over 1,160 locations in 49 states
- Kohl's is Publicly Traded (NYSE:KSS) and is ranked #183 on the Fortune 500
- Location includes a Sephora, and Amazon Pick-up and Drop-off Center as part of their new and innovative brand partnerships which contributes to increased foot traffic into the store
- Kohl's is one of world's largest department stores, earning over $19.4 Bil as of 3rdQ 2021
- Dense Demographics - 281,358 residents reside within 5 Mile Radius of Site
- 30 Minute Drive to Detroit and (DTW) Detroit Metropolitan Wayne County Airport
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Listing Price: $18,934,200
Investment Highlights
- NNN Ground Lease - Zero Landlord Responsibilities
- 14 years remaining on the base term, with four 5-year renewal options and built-in regular rent increases
- Corporate Guaranteed by one the largest national retailers with over 1,160 locations in 49 states
- Kohl's is Publicly Traded (NYSE:KSS) and is ranked #183 on the Fortune 500
- Location includes a Sephora, and Amazon Pick-up and Drop-off Center as part of their new and innovative brand partnerships which contributes to increased foot traffic into the store
- Kohl's is one of world's largest department stores, earning over $19.4 Bil as of 3rdQ 2021
- Dense Demographics - 281,358 residents reside within 5 Mile Radius of Site
- 30 Minute Drive to Detroit and (DTW) Detroit Metropolitan Wayne County Airport
Investment Overview
Today, with 80 percent of Americans living within 15 miles of a Kohl’s store, they continue to innovate and offer shoppers convenient services, opportunities for discovery and an overall inviting experience. Store investment and modernization strategies include new store format tests, service pilots, merchandising evolutions, and more, all while still providing an industry-leading shopping experience that our customers know and love. What began as one store in Wisconsin has expanded into a leading omnichannel retailer with more than 1,100 locations in 49 states. Over the years, Kohl’s has evolved and grown its shopping experience, including groundbreaking partnerships with Sephora and Amazon. Kohl’s will include a Sephora presence at all locations. Stores that once sold a little of everything - even motor oil and lawn mowers - have transformed into a destination for active and casual lifestyles and prestige beauty.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By

