Kohl's Absolute NNN Asset

Kohl’s | Knoxville, TN


Sands Investment Group is Pleased to Exclusively Offer For Sale the 86,584 SF Kohl’s Absolute NNN Asset Located at 5312 Washington Pike in Knoxville, Tennessee. Kohl’s Has Recently Extended its Lease, Demonstrating its Commitment to the Location. This Deal Includes a Corporate Guaranteed Absolute Triple Net (NNN) Investment With 9+ Years Remaining on the Lease and Zero Landlord Responsibilities, Providing For a Secured Investment.

  • Corporate Guaranteed Absolute Triple Net (NNN) Investment With 9+ Years Remaining on the Lease
  • Kohl’s Recently Extended its Lease, Demonstrating its Commitment to the Location
  • Cell Tower Located on the Property That is Paying $29,504 Annually With 3% Annual Increases**
  • Property Sits on a 32.655 Acre Parcel With Over 500 Parking Spots
  • Located 15 Minutes From the University of Tennessee and Downtown Knoxville
  • Population of Over 110,000 Within a 5-Mile Radius of the Property
  • Sephora Will Be Opening a Retail Store Within the Subject Property
  • Nearby Tenants Include: Target, Marshalls, Ross Dress for Less, Amazon Fulfillment Center, Mattress Firm, Walmart, Sam’s Club, Applebee’s, Texas Roadhouse, Home Depot and Lowe’s

In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Tom Gorman – Lic. TN #370394

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Safeway Supermarket Absolute Net

Safeway Supermarket | Auburn, CA


Sands Investment Group is Pleased to Present For Sale the Safeway Supermarket Absolute Net Lease Located in Auburn, California. This deal includes an extremely high level performing Safeway, that is one of the largest food and drug retailers in the Unites States, providing for an excellent investment.

  • This Safeway is the largest grocery store and national chain in the area
  • This Safeway is performing at an extremely high level; the tenant rent-to-sales ration at this location for 2022 was 1.95% and did $939.92 PSF in sales
  • Total spending on food and alcohol within a 5-mile radius of this property exceeds $158M per year and is expected to increase to over $186M by 2027
  • Population growth is projected to exceed 8% through 2027 within a 5-mile radius of this property
  • Safeway Inc., a subsidiary of Albertsons Companies, Inc. (NYSE: ACI). is headquartered in Boise, ID –  Albertsons Companies is one of the largest food and drug retailers in the United States
  • Albertsons Companies, Inc. operates under 20 well-known grocery store banners including: Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets and Pavilions
  • Albertsons Companies reported $69.69 billion in the fiscal year of 2020, which is an 11.6% increase over the previous year ($62.45 billion); In June of 2021, Moody’s upgraded Albertsons Companies, Inc.’s and Safeway Inc.’s existing senior unsecured notes to Ba3 – Albertsons’ probability and default rating was upgraded to Ba2
  • Albertsons Companies is one of the largest retail employers in the United States today, providing approximately 270,000 jobs; Albertsons home delivery services are available in 11 of the top 15 U.S. markets today (Auburn, CA included)

In Cooperation With Sands Investment Group, Inc – Lic. #1768950

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Kohl’s | Bonney Lake, WA


Sands Investment Group is Pleased to Exclusively Offer For Sale the 55,347 SF Kohl’s NNN Lease Located at 20025 WA Highway 410 East in Bonney Lake, Washington . Kohl’s is on a Brand New 12-Year Lease With a Rent Commencement Date of May 18, 2022. This Property Features a 10% Increase in Year 7 as Well as Each of the 5 Option Periods Providing a Strong Income Growth and Hedge Against Inflation. With a Population of Over 95,348 People Within 5-Miles and Household Incomes of Over $121,732, This Location is Irreplaceable.

HIGHLY STABLE CORPORATE TRIPLE-NET LEASE

  • NNN Lease With Kohl’s Corporation: Kohl’s is a National Department Store Retailer Chain With Over 1,162 Stores in Every State Throughout the Country With the Exception of Hawaii; Kohl’s is a Discount Retailer Offering Both Designer Name Brands, Celebrity Lines and Their Private Brands
    • Strong Rental Increases – 10% Increase In Year 7 and At Each Option Period Providing Hedge Against Inflation
    • Kohl’s Corporation (NYSE: KSS) is a Publicly Traded Company With a Market Cap of Over $7.37 Billion and Reported Revenues of Over $19 Billion For Year Ending 2021; During the Corporate March 1, 2022 Investors Relations Call, Kohl’s Notably Issued an Upbeat Outlook For Fiscal 2022, Calling For Net Sales to Rise 2% to 3%
    • Despite Lingering Supply Chain Headwinds and Other Pressures From Inflation and Labor Costs, Kohl’s CEO Said the Company Achieved an Operating Margin of 8.6% Two Years Ahead of Schedule
  • Brand-New Long-Term Lease – Kohl’s is on a Brand New 12-Year Lease With a Rent Commencement Date of May 18, 2022; Following the Initial Term, Kohl’s Has Five (5-Year) Option Periods to Renew
  • Low Rent Creating Intrinsic Potential Future Upside – Kohl’s is Only Paying $0.68 Per Square Foot/Month For This Newly Renovated Building Resulting in a Very Low Purchase Price PSF
  • Strong Income Growth & Hedge Against Inflation – Due to the Embedded 10% Rental Increases Every 5 Years, the Net Operating Income (NOI) is Projected to Increase By $148,950 (33%) Over the Anticipated 20-Year Hold Period Providing Strong Income Growth Compared to the Many Flat Non-Rental Increase in Other Single Tenant Investments

NEW CONSTRUCTION & RETROFIT WITH LOW MANAGEMENT RESPONSIBILITIES

  • Brand New Building Renovation – Kohl’s is Taking Over a Former Albertsons Grocery Store Site, Re-Retrofitting an Existing Building (2021/2022 Construction) With Significant Tenant Improvements Being Invested into the Building at Tenant’s Expense
  • Long Term Stability – Kohl’s is a Nationally Recognized, High Credit Tenant With an Initial 12-Year Lease Term and 25 Years of Options Eliminating Any Near Term Leasing and Tenant Improvement Costs at Landlord’s Expense
  • Low Management Oversight – With the Lease Structured on a “NNN” Basis, the New Owner Will Have Minimal Management Oversight For the Property With the Primary LL Obligations For Roof and Structural Repairs

HIGH IDENTITY, AFFLUENT SEATTLE/TACOMA MSA TRADE AREA

  • High Visibility, High Traffic Location – Kohl’s is Located Right Off Highway 410 (Over 47,413 Vehicles Per Day) With Superior Frontage Visibility on S Prairie Road (Over 19,950 Vehicles Per Day)
  • Dense Residential and Commercial Trade Area – Immediate Proximity to Both Residential and Commercial Density With High Utilization of the Neighboring Shopping Centers Synergistic Mix of Tenants
  • Primary Retail Hub – Located Directly Within the Primary Retail of Bonney Lake With a Highly Complimentary Mix of National and Regional Credit Tenants Including: Walmart, Lowe’s, Costco, Safeway, Rite Aid, Fred Meyer, Marshall’s, Planet Fitness, McDonald’s, Starbucks, Chick-fil-A, Panda Express, Jack-in-the-Box, Taco Bell and Denny’s, to Name a Few
  • Point of Destination – Bonney Lake Serves as the Primary Retail Destination Between Tacoma, Seattle and Access to Mount Rainier National Park, an Iconic Majestic Destination That Draws in Over 2 Million Visitors Annually

HIGHLY AFFLUENT DEMOGRAPHICS

  • More Than 49,604 People Within a 3-Mile Radius of the Subject Property With an Average Household Income of $121,293
  • More Than 95,348 People Within a 5-Mile Radius of the Subject Property With an Average Household Income of $121,732
  • More Than 337,186 People Within a 10-Mile Radius of the Subject Property With an Average Household Income of $107,827
  • High Growth Area – Since 2010, the City of Bonney Lake Has Grown By 23.50% and Has Increased its Number of Households By 6,773

In Cooperation With Marianne Christian WA Lic. # 12244 206.915.9222 | DIRECT marianne@SIGnnn.com

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Big Lots Gross Lease

Big Lots | Memphis, TN


Sands Investment Group is Pleased to Present Exclusively For Sale the 40,396 SF Big Lots Gross Lease Located at 6777 Winchester Road in Memphis, Tennessee. This Deal Includes a Single Tenant Big Lots With Long Term Occupancy History and Low Management, Stable Cash Flow Priced Below Replacement Cost, Providing For a Unique Investment.

SINGLE TENANT BIG LOTS WITH LONG TERM OCCUPANCY HISTORY

  • Publicly Traded, National Tenant – 100% Leased to Big Lots (NYSE: BIG) With a Market Cap of $1.35 Billion
  • Big Lots Was Founded in 1967 and Currently Has Over 1,428 Locations in 47 States ; During the Pandemic, Big Lots Stock Experienced a Significant Increase in Value Along With Exponential Growth in Store Sales Nationally Proving to Be a National Needs Based Retailer
  • Long Term Commitment – Over the Years Big Lots Had the Opportunity to Relocate Within the Retail Trade Area Yet Stayed Committed to the Property Proving the Success of This Location
  • Big Lots Has Three Years Remaining on the Initial Lease Term With Four (4) – Five (5) Year Options to Renew

LOW MANAGEMENT, STABLE CASH FLOW PRICED BELOW REPLACEMENT COST

  • Given Big Lots Has Stayed Committed to This Location, a New Investor Should Have High Confidence That Big Lots Will Renew Their Lease Term Whether Through an Extension on the Initial Term or Rolling Into the Option Periods
  • Gross Modified Lease Terms – Landlord Has Minimum Oversight For Roof, Structure and CAM
  • Priced at $42 Per Square Foot, the Property Will Trade Significantly Below Replacement Value Estimated at $150 Per Square Foot
  • Big Lots Has Fixed Rent Increases at the Start of Each Option Period Providing a New Investor a Hedge Against Inflation

LOCATED IN QUALITY NEIGHBORHOOD SHOPPING CENTER CONSISTING OF SYNERGISTIC MIX OF TENANTS

  • Big Lots Serves as the Anchor Tenant Amongst a Highly Complementary Mix of Retail Tenants Drawing in Consumers For Various Retail Needs
  • Strategically Located in a Highly Visible, High Traffic Location With Over +36,000 Cars Per Day, Winchester Road is One of the Major Arterials Running East and West Through Memphis
  • The Landings Apartment Complex, Located Directly AcrossWinchester Road Consists of 292 Units

In Cooperation With Sands Investment Group Tennessee, LLC – Lic . #263973 BoR: Kaveh Ebrahimi Lic . # 344496

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Big Box Retail NNN

Tractor Supply Co. | Giddings, TX


Sands Investment Group is Pleased to Present Exclusively For Sale the 19,097 SF Tractor Supply Co. Big Box Retail NNN Lease Investment Located at 2911 E Austin Street in Giddings, Texas. This Deal Features 15 Years Remaining on a Triple Net (NNN) Lease, Providing For a Secure Investment.

  • Tenant Recently Executed a Brand New 15 Year Triple Net (NNN) Lease, Showing Commitment to the Site
  • Attractive 3% Escalations Every 5 Years in Base Term and 10% Escalations at Each Option Period
  • Tractor Supply Co. Reported Record First Quarter Financial Results With $2.79 Billion in Sales, Which is a 42.5% Increase in Net Sales Growth Year Over Year
  • Thanks to Tractor Supply Co.’s Adaptation to E-Commerce and Curbside Pickup, the Company Was Able to Gain Over 2.5 Million New Customers in the First Quarter of 2021
  • Located in an Income Tax-Free State
  • Average Household Income is Over $66,767 Within a 5-Mile Radius With a Population of Over 7,744 Residents
  • Continued Population Growth Over the Next 5 Years is Expected to Be Over 2%
  • Nearby Tenants Include: Walmart Supercenter, Subway, Dollar General, Dairy Queen, Burger King, McDonald’s, 7-Eleven, AutoZone and More

In Cooperation With Sands Investment Group Austin, LLC  Lic. #9004706 BoR: Max Freedman TX Lic. # 644481

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nnn lease real estate

JOANN & Planet Fitness | Overland Park, KS


Sands Investment Group is Pleased to Exclusively Offer For Sale the JOANN and Planet Fitness NNN Lease Real Estate Investment Located at 11401-11411 Metcalf Avenue in Overland Park, Kansas. 73% of the Income Stream is Guaranteed By JOANN Which Reported Fiscal 2022 Revenue of $2.4 Billion. Unified PF Partners is the Largest Planet Fitness Franchisee With Over 150 Locations. Overland Park is the Second Largest City in Kansas and Consistently Ranks as One of the Best Places to Live in the United States. Priced at a 6.75% Cap Rate and Under $170 Per Square Foot, This Investment Offers a Strong Yield With Built-In Security Though Replaceable Rents and a Superb Location.

ATTRACTIVE YIELD WITH STRONG CORE REAL ESTATE FUNDAMENTALS

  • Above Market Cap Rate and Attractive Cash-on-Cash Return Providing Secure Yield Compared With Alternative Investments
  • Replaceable Rents – Security of Investment Plus Future Potential Upside
  • Low Cost Per Square Foot – Priced Under $170 PSF
  • JOANN Has About 5 Years Remaining on the Lease Term With a Long Term Operating History at This Location
  • Planet Fitness Has Over 9 Years Remaining
  • Seller Open to Paying Off Loan and Delivering Property Free & Clear of Debt – Call Broker For Details
  • Seller Fully Re-Paved Parking Lot Within the Last Year

STRONG TENANT BASE

  • 73% of Income Stream Backed By Jo-Ann Stores, LLC, Which Reported Fiscal 2022 Revenue of $2.4 Billion, Reflecting Comparable Sales Growth of 8.3% Compared to Fiscal 2020
  • JOANN Filed For IPO in February 2021 With Surge in Growth From People Taking to Handicrafts Throughout Pandemic, Now Publicly Traded (NASDAQ: JOAN)
  • United PF Partners is the Largest Planet Fitness Franchisee With Over 150 Locations Throughout 14 Different States

TOP KANSAS CITY LOCATION

  • Overland Park is the Second Largest City in Kansas and Consistently Ranks as “One of the Best Places to Live” in the U.S.
  • Unbelievable Demographics With an Average Household Income of Over $109,000 Within a 2-Mile Radius
  • Adjacent to Aspiria, the Former Sprint World Headquarters; Aspiria is a 190-Acre Site With Planned Near Future Renovation of Existing Buildings and Development of 2.7 Million SF of New Construction Including Multi-Family Housing, Office, Retail and Restaurant Space
  • Strong Population Base – Over 85,000 People Within a 3-Mile Radius
  • High Traffic Counts – Over 50,000 Vehicles Per Day at the Intersection of W 115th Street and Metcalf Avenue
  • Convenient Freeway Access – Less Than 1-Mile From Interstate 435
  • Located on One of Overland Park’s Primary Retail Arterials With Nearby Retailers That Include: Walmart Supercenter, Kohl’s, Best Buy, Costco, Target, Whole Foods Market, Hobby Lobby, Burlington, Starbucks, Taco Bell, McDonald’s, Walgreens, CVS Pharmacy and More
In Cooperation With Sands Investment Group Kansas, LLC
Lic. #CO00002897 | BoR: Max Freedman – Lic. #00241927

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Big Box Opportunity

Former Shopko | Walla Walla, WA


Sands Investment Group is Pleased to Present Exclusively For Sale the 82,840 SF Former ShopKo Big Box Opportunity Located at 1600 W Rose Street in Walla Walla, Washington. This Property Sits on a 7.32 Acre Site in the Newly Master-Planned Walla Walla Town Center, Which Includes Over 165,000 SF of National Retail Brands Including Ross, Marshalls, Hobby Lobby, ULTA, Bed Bath & Beyond, Sportsman’s Warehouse and PetSmart. With Recent Capital Improvements Including a New Roof, HVAC Units and Parking Lot Striping, This Property is Positioned For Multiple Varieties of Back-Fill Opportunities.

  • Anchor Location at the New Walla Walla Town Center Developed in 2018
  • Additional 85,000 SF of Retail to Be Developed in Upcoming Phase II
  • Extremely Well Positioned Big Box For a Variety of Back-Fill Opportunities Due to Proximity to Shopping Center
  • Additional 23,194 SF of Full Ceiling Height Mezzanine For a Total of 106,034 SF
  • Abundant Parking Ratio- 412 Stalls With Additional 2,500 on Shopping Center Property
  • Major Capital Improvements Include New Roof, HVAC and Parking Lot Striping
  • Cross Ingress/Egress With Shopping Center
  • Centrally Located With Excellent Signage and Visibility From Major Streets and With Strong Traffic
  • The Building is Surrounded By 165,000 SF of National Retail Tenants
  • Area Retail Voids Include Fitness, Grocery, Medical and Farm Stores
  • Walla Walla is The County Seat and Known For Agriculture, Wineries and Education, Including Top Rated Whitman College and Walla Walla University
  • Well-Known Tourist Destination With Over 120 Premier Wineries Generating Over $100 Million Annually
  • Located Only Six Miles From the Oregon Border in Southeast Washington State

In Cooperation With KW Commercial Eastside – WA Lic. #18839

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JOANN | Shawnee, OK


Sands Investment Group is Pleased to Exclusively Offer For Sale the JOANN Anchored Retail Investment Located at 4901 N Kickapoo Avenue in Shawnee, Oklahoma.

  • Corporate Guaranteed Triple Net (NNN) Investment Opportunity With Minimal Landlord Responsibilities
  • Located in a Qualified Opportunity Zone With Coveted Value-Add Component – Allowing For Investor to Fully Utilize Tax Advantages of an Opportunity Zone Investment Through Adding Value Within the Timelines Set By the IRS
  • Lease Extension Includes Three (3) Additional Five (5) Year Options
  • Shadow Anchor to Walmart Supercenter, Benefits From Proximity and Maximum Traffic in Front of JoAnn
  • Strong Visibility From Interstate 40 With Immediate Access From N Kickapoo Ave Bridge On/Off Ramp – Interstate 40 Sees Over 39,000 Vehicles Per Day
  • Anchor to Shawnee Mall Along With Dillard’s, AMC Movie 6 and JCPenney; as Well as National Tenants Including Kohl’s, Ross, Buffalo Wild Wings, Hibbett Sports, Dunham’s Sporting Goods and More
  • 10-Minute Drive From the Grand Casino Hotel & Resort, a 14 Story, 125,000 SF Casino Being Oklahoma’s Premier Gaming and Resort Destination
  • Shawnee and Pottawatomie County Continue to See Consistent Growth and Expansion
  • JoAnn is the Nation’s Leading Fabric and Crafts Retailer With More than 865 Stores in 49 States
  • Neighboring Tenants Include: Kohl’s, Ross, Tractor Supply Co., Staples, Lowe’s, T.J. Maxx, Murphy USA, Walgreens, AT&T, Red Lobster, Cracker Barrel, McDonald’s, Chick-fil-A, Taco Bueno, Whataburger, KFC, Panda Express, Starbucks QDOBA and More

In Cooperation With Commercial Oklahoma, Inc.

BoR: Matt Weiss – Lic. #176169

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Kohl’s

 

  • 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