Listed by Colliers - Portland, Oregon
$8,333,333
Single Tenant Burlington - Chandler, AZ
Details
Property Type Retail
Sub Type Storefront
Square Footage 50,000
Cap Rate 6.75%
NOI $562,500
Occupancy 100%
Tenancy Single
Brand/Tenant Burlington Coat Factory
Lease Type NNN
Lease Term 15
Lease Expiration 05/31/2033
Remaining Term 7
Rent Bumps Yes
Lease Options 3 Five year
Price per SqFt $167
Class A
Year Built 2018
Buildings 1
Stories 1
Acreage 3.270
Zoning PAD
Parking Spaces 1.62 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2018
Occupancy Date 06/01/2018
Single Tenant Burlington for Sale
Marketing description
Single Tenant Burlington in Crossroads Towne Center Mall
Investment highlights
7+ years remaining on lease
Corporate Guarantee: (NYSE: BURL)
Burlington operates 1,100+ stores across the country
2024 net sales of $10.6 billion
Listing Contacts
Listed by Colliers - Portland, Oregon
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$562,500.00
$46,875.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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