Kohl's

3188 N Highway 97
Bend , OR 97703-7507

Kohl's - Retail for sale

Overview


JLL is pleased to offer for sale a freestanding Kohl?s building located in Bend, Oregon. The Property is leased to Kohl?s who is operating on a long term, net-lease basis with strong corporate investment grade guarantee provided by Kohl?s Department Stores, Inc. The Asset is strategically positioned within a well-tenanted shopping center with premium interstate. This opportunity provides an attractive cash flow with a nationally recognized tenant that is the market leader within its competitive industry peer group. The combination of salient features, including desirable retail location, national tenancy, long-term lease structure, and dense population base, makes this investment an excellent acquisition opportunity.

Investment Highlights


Desirable Long-Term Lease Structure and Investment-Grade Guarantee
Strategic Retail Position with Excellent Traffic Exposure
Dense Population Base and Positive Demographic Trends
Free and Clear of Existing Financing
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 3188 N Highway 97, Bend, OR 97703-7507
Building Size 70,281  ft2
Financial
Price $20,709,000
Cap Rate 6.70%
Current NOI $1,387,485.00
Lease
Tenant's Name Kohl's Corporation
Guarantor Kohl's Corporation
Credit Rating (S&P) BBB-
Guarantor Credit Rating (S&P) BBB-
Lease Type NN
Lease Expiration Date 01/31/2030
Remaining Term 11Yrs

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