Department Store
Kohl's
221 Wilmar Ave, Grand Island, NE 68803
Listing Price: $6,872,000
Cap Rate
7.00%
Tenant Name
Kohl's
Years Remaining On Lease
10.0
Gross SF
68,724
Guarantor
Corporate Guarantee
Rentable SF
68,724
Price/Gross SF
$99.99
Lease Type
Absolute Net
Rent Per Square Feet
$7.00
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Kohl's in Grand Island, NE.
Kohl's
Investment Highlights
- 10+ Years Remaining on Corporate Absolute Triple Net Lease with 6 x 5-year options
- Kohl's has been operating at the subject property for 24+ years and recently executed a nine-year lease extension. The Lease is currently set to expire on January 31st, 2035
- Corporate Guaranty from Kohl's – 1,170+ locations – $17.1B+ FY 2025 Q2 LTM Total Revenue – Sephora's "Shop-in-Shop" concept covers 80% of Kohl's locations – 146th on Fortune 500.
- Shadow Anchored by Top Ranking Hy-Vee Grocery store - 97th Percentile of all Grocery Stores in the state of Nebraska
- Grand Island, NE is the largest city between Lincoln, NE and Denver, CO along the I-80 corridor. The subject property is positioned along Grand Island's primary retail corridor, Hwy 281 seeing 27K+ VPD. National retailers include along 281 include Hy-Vee, Walmart, Target (coming 2024), Menard's, TJ Maxx, Home Depot, Sam's Club, Hobby Lobby, and more
Broker of Record
Listing Price: $6,872,000
Cap Rate
7.00%
Tenant Name
Kohl's
Years Remaining On Lease
10.0
Gross SF
68,724
Guarantor
Corporate Guarantee
Rentable SF
68,724
Price/Gross SF
$99.99
Lease Type
Absolute Net
Rent Per Square Feet
$7.00
Investment Highlights
- 10+ Years Remaining on Corporate Absolute Triple Net Lease with 6 x 5-year options
- Kohl's has been operating at the subject property for 24+ years and recently executed a nine-year lease extension. The Lease is currently set to expire on January 31st, 2035
- Corporate Guaranty from Kohl's – 1,170+ locations – $17.1B+ FY 2025 Q2 LTM Total Revenue – Sephora's "Shop-in-Shop" concept covers 80% of Kohl's locations – 146th on Fortune 500.
- Shadow Anchored by Top Ranking Hy-Vee Grocery store - 97th Percentile of all Grocery Stores in the state of Nebraska
- Grand Island, NE is the largest city between Lincoln, NE and Denver, CO along the I-80 corridor. The subject property is positioned along Grand Island's primary retail corridor, Hwy 281 seeing 27K+ VPD. National retailers include along 281 include Hy-Vee, Walmart, Target (coming 2024), Menard's, TJ Maxx, Home Depot, Sam's Club, Hobby Lobby, and more
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Kohl's in Grand Island, NE.
Broker of Record
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