Available For Sale - Retail

178,660 SF

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AVAILABILITY DETAILS

Size
178,660 SF
Price/SF
N/A - Contact for Info
Listing ID
SA416782
Notes
We are is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN, corporate guaranteed, freestanding, Home Depot Superstore, investment property located in Anaheim, CA (Orange County MSA). The tenant, Home Depot U.S.A., Inc, has 6 years remaining on their lease with 10 (5-year) options to extend. The lease features fixed rental increases averaging 6.30% at the beginning of options 1 through 5 and fair market values for options 6 through 10. The lease is corporate guaranteed by Home Depot U.S.A., Inc. (S&P: A)

and is absolute NNN with zero landlord responsibilities. This superstore is Home Depot???s largest store on the West Coast and second largest in the whole

nation. The Home Depot Superstore is strategically positioned along the highly traveled Interstate 91 (279,000 VPD), and just off Yorba Linda Blvd (52,000

VPD), a major thoroughfare connecting numerous suburbs of Orange County. The asset is ideally located in the heart of Savi Ranch???s retail corridor and

positioned across I-91 from the Anaheim Hills Festival Shopping Center (573,000 SF) anchored by Target, Edward Cinemas, and Hobby Lobby, increasing

crossover traffic to the subject property. Other nearby national/credit tenants include Costco, Sprouts Farmers Market, Best Buy, T.J. Maxx, Michaels, Bed

Bath & Beyond, Dick???s Sporting Goods, Staples Pavilions, and more, further increasing consumer draw to the trade area and promoting crossover

shopping. The site also benefits from its positioning in an extremely dense, growing residential area and is the only Home Depot within an 8 mile radius,

providing a direct consumer base to draw from. The 5-mile trade area is supported by an extremely dense population of over 146,300 residents and more

than 48,900 employees, boasting an affluent average household income of $162,371.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Josh Salik, Salik Real Estate & Development