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Miscellaneous

Home Depot

95 Highland Ave, Seekonk, MA 02771

Listing Price: $27,238,306

Cap Rate
4.25%
Tenant Name
Home Depot USA Inc.
Years Remaining On Lease
12.2
Guarantor
Corporate Guarantee
Rentable SF
135,857
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.52

Investment Overview

The NNN Pro Group is pleased to present the exclusive listing for The Home Depot located at 95 Highland Avenue in Seekonk, MA. The site consists of roughly 135,857 rentable square feet of building space on estimated 2.66-acre parcel of land. The Home Depot is subject to an original 30-year absolute triple-net (NNN) ground lease, which has roughly 12.25+ years of lease term remaining. The annual rent is $1,157,628 and is set to increase in roughly two years by five percent (5%). The 5% increases will continue throughout the remainder of the lease term and in the thirteen (13), five (5)-year tenant renewal options.

Investment Highlights

  • Long-Term Absolute Triple-Net (NNN) Ground Lease with 12.25 Years Remaining
  • Full Corporate Guaranty from Home Depot U.S.A., Inc | $132B in 2020 Annual Sales
  • 5% Rent Increases Every Five Years | Next Increase in 2+ Years | Increases CAP Rate by 20+ Basis Points

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s) MA: 1000485

    Massachusetts

Financing By

Miscellaneous

Home Depot

Listing Price: $27,238,306

Cap Rate
4.25%
Tenant Name
Home Depot USA Inc.
Years Remaining On Lease
12.2
Guarantor
Corporate Guarantee
Rentable SF
135,857
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.52

Investment Highlights

  • Long-Term Absolute Triple-Net (NNN) Ground Lease with 12.25 Years Remaining
  • Full Corporate Guaranty from Home Depot U.S.A., Inc | $132B in 2020 Annual Sales
  • 5% Rent Increases Every Five Years | Next Increase in 2+ Years | Increases CAP Rate by 20+ Basis Points

Investment Overview

The NNN Pro Group is pleased to present the exclusive listing for The Home Depot located at 95 Highland Avenue in Seekonk, MA. The site consists of roughly 135,857 rentable square feet of building space on estimated 2.66-acre parcel of land. The Home Depot is subject to an original 30-year absolute triple-net (NNN) ground lease, which has roughly 12.25+ years of lease term remaining. The annual rent is $1,157,628 and is set to increase in roughly two years by five percent (5%). The 5% increases will continue throughout the remainder of the lease term and in the thirteen (13), five (5)-year tenant renewal options.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s): MA: 1000485

    Massachusetts

Financing By

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