Tenant: Kohl’s
Premises: 55502 SF
Renewal Options: 10 x 5
Lease Expiration: 1/31/34
Lease Type:
Rental Increases: 3%
- Kohl’s Ground Lease Opportunity in Bustling Retail Trade Area
- 18 Years Remaining on Long-Term Ground Lease
- Ideal Investment for a Developer – Approximately 28,000 SF of Retail Space can be Developed on the Vacant Adjacent Lot to Kohl’s
- Situated Directly Across the Street from Westdale Mall. Neighboring Tenants Include Menards, Walmart, Target, Harbor Freight Tools, Staples and More
- Additional Land Sold at Excellent Value – $3.32 PSF
- In Cooperation with Ambrose & Boyd Realtors Lic # F05243000
Kohl’s Corporation, d.b.a. Kohl’s, is an American department store retail chain. The first store was a supermarket founded in 1946, and the first department store was founded in 1962. In 1972, British-American Tobacco Company took a controlling interest in the company and the Kohl family left the management of the company in 1979. A group of investors purchased the company in 1986 from British-American Tobacco and later took it public in 1992. It is the second largest department store by retail sales in the United States after Macy’s.
Kohl’s is America’s largest department store chain by the number of stores as of February 2013—surpassing its biggest competitor, J.C. Penney in May 2012. In 1998, it entered the S&P 500 list, and is also listed in the Fortune 500 (#146 in 2012). The chain was the 20th-largest retailer in the United States in 2013 in terms of revenue. As of 2013, Kohl’s is the second largest U.S. department store company by retail sales.
The company is headquartered in the Milwaukee suburb of Menomonee Falls, Wisconsin, operating approximately 1,200 stores in 49 states and generates annual sales in excess of $19 billion.
