Investment Overview

Marcus and Millichap is pleased to present for sale fee simple ownership in the recently developed Kohl's property in Elko, Nevada. The property is secured by a long-term triple net lease providing investors with stable cash flow and limited management. The lease is corporate backed and expires January 31st, 2036. There is a scheduled 6.70% rent increase in March 2031, and 10% increases at each of the six 5-year renewal options. Kohl's anchors Elko Station along with C-A-L Ranch, Burger King and Wendy's. Elko Station benefits from direct access and great exposure off Interstate 80. Kohl's Corporation (NYSE: KSS) is one of the nation's largest omnichannel department store retailers, operating 1,153 stores across 49 states along with its e-commerce platform (kohls.com) and generating approximately $15.5 billion in total annual revenue. The company holds roughly 1.07% market share of the U.S. retail industry and maintains a diversified merchandise mix spanning apparel, footwear, accessories, beauty, and home goods, with a customer base concentrated among value-oriented, moderate-income shoppers nationwide.