Kohl’s,
Menomonee Falls, WI Investment Summary
| Price | $9,826,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 12 Years Remaining |
| Lease Type | NN Lease, with Tenant Responsible for All Taxes, Utilities, Insurance, and Maintenance, Excluding Roof, Structure and Parking Lot |
| Rental Increases | Rental Increases in Option Periods |
| Year Built | 1992 |
| Building Size | 98,256 SF |
| Lot Size | 8.12 Acres (353,707 SF) |
| Status | Sold |
| Lead Brokers | Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
LONG-TERM NET LEASE TO ICONIC TENANT WITH STRONG FINANCIALS
» Kohl’s (NYSE: “KSS”) is a leading omnichannel retailer with more than 1,100 stores in 49 states
» Kohl’s Corporation is headquartered in Menomonee Falls and is less than 7 miles from this property
» Listed on both the S&P 500 and the Fortune 500
» Annual revenue of $19.1 billion
» Investment grade tenant, rated “BBB-” by S&P and “Baa2” by Moody’s
» Among the largest department store chains in the U.S.
HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Conveniently located at the signalized intersection of Appleton Avenue and County Line Road, with excellent visibility and access to 46,300 vehicles per day
» Immediate access to Interstate 41, with a high traffic volume of 85,200 vehicles per day near the property
» Located along one of Menomonee Falls’ primary retail corridors, the property is surrounded by major retailers, including Walmart Supercenter, Menards, Target, Home Depot, Fleet Farm, Hobby Lobby, ALDI, Michaels and many others
CENTRAL LOCATION WITH ROBUST DEMOGRAPHICS
» Centrally located in Menomonee Falls’ major retail center and less than 20 miles from Downtown Milwaukee
» Supported by affluent demographics; the average household income within one mile of the property is over $101,000
» Located in a densely populated area, with 62,000 residents living within a five-mile radius
Property Description
SOLD
Kohl’s is located at the hard corner of Appleton Ave and County Line Road with 46,300 vehicles per day directly in front of the store. The property is located just off Interstate 41, which experiences an additional 85,200 vehicles per day. The surrounding area is affluent and densely populated with over 62,000 residents and an average household income over $101,000 within five miles of the property.
Kohl’s is centrally located in a strong retail area surrounded by many national retailers including Walmart Supercenter, Target, Home Depot, Fleet Farm, Menard’s, Hobby Lobby, Michaels, ALDI, World Market, Chipotle, Panera Bread, Starbucks, Buffalo Wild Wings, Panda Express, Burger King, McDonald’s and many others. The property is also located just across Appleton Avenue from the Marcus Menomonee Falls Cinema, the only movie theater within a 20-minute drive of the location.
