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Miscellaneous

Kirkland's

175 Jones Dr, Dothan, AL 36303

Listing Price: $1,269,326

Cap Rate
10.00%
Tenant Name
Kirkland's
Years Remaining On Lease
2.7
Gross SF
6,400
Guarantor
Corporate Guarantee
Rentable SF
6,400
Price/Gross SF
$198.33
Lease Type
Double Net
Rent Per Square Feet
$20.54

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant store and retail building containing Kirkland’s (the “Property” or “Asset”) located in Dothan, Alabama. Kirkland’s is a leader in the home decor industry, with over 400 stores across 37 states. Kirkland’s is publicly traded (NASDAQ: KIRK) with a $350 million market capitalization. This asset serves as a retail store for the tenant. The lease features an initial 10-year commitment with a double net lease structure and has 10.0% increases on the options. The Property is positioned on the North Corner of the US Route-231 and the AL-210 and is directly south of the largest mall in the city. The property is strategically located at the most desirable intersection with Publix, Home Depot, Hobby Lobby, Sam’s Club, and BBVA Compass as neighbors. This offering presents the rare opportunity to acquire a stabilized single tenant asset with a fairly passive ownership structure for over 3 years and outstanding security in the value of the underlying real estate.

Investment Highlights

  • Strong corporate stock appreciation during the past year.
  • The Asset is well located in the market at the best intersection in Dothan with Publix, Home Depot, Hobby Lobby, Sam's Club, PetSmart.
  • Prime outparcel site major visibility.
  • Low price point to acquire a net leased asset.
  • Corporate guarantee.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $1,269,326

Cap Rate
10.00%
Tenant Name
Kirkland's
Years Remaining On Lease
2.7
Gross SF
6,400
Guarantor
Corporate Guarantee
Rentable SF
6,400
Price/Gross SF
$198.33
Lease Type
Double Net
Rent Per Square Feet
$20.54

Investment Highlights

  • Strong corporate stock appreciation during the past year.
  • The Asset is well located in the market at the best intersection in Dothan with Publix, Home Depot, Hobby Lobby, Sam's Club, PetSmart.
  • Prime outparcel site major visibility.
  • Low price point to acquire a net leased asset.
  • Corporate guarantee.

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant store and retail building containing Kirkland’s (the “Property” or “Asset”) located in Dothan, Alabama. Kirkland’s is a leader in the home decor industry, with over 400 stores across 37 states. Kirkland’s is publicly traded (NASDAQ: KIRK) with a $350 million market capitalization. This asset serves as a retail store for the tenant. The lease features an initial 10-year commitment with a double net lease structure and has 10.0% increases on the options. The Property is positioned on the North Corner of the US Route-231 and the AL-210 and is directly south of the largest mall in the city. The property is strategically located at the most desirable intersection with Publix, Home Depot, Hobby Lobby, Sam’s Club, and BBVA Compass as neighbors. This offering presents the rare opportunity to acquire a stabilized single tenant asset with a fairly passive ownership structure for over 3 years and outstanding security in the value of the underlying real estate.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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