Absolute Net Leased K & G Fashion Super Store
Retail | 8.22% CAP | 20,000 SqFt
Marketing description
Richard O’Connor of Marcus & Millichap is pleased to present the opportunity to acquire a retail property owned by K&G Fashion Superstore. The tenant K&G Fashion Superstore has over 80 stores, and is a wholly subsidiary of Tailored Brands. Tailored Brands is a leading OMNI channel specialty retailer of Men’s and Woman’s clothing. Their brands include Men’s Wearhouse, Jos. A. Banks, Moore’s, and K&G Fashion Superstore. Tailored Brands operated over 1000 stores in the U.S. and Canada, and ships to 150 countries worldwide. Annual revenue exceeds over $2.9 billion
Investment highlights
Over 12 Years left on a below market Rental Rate
2% annual increases in the lease/Absolute Net Lease Tenant pays for all expenses
Located on Miller Road next to Target with over 27,500 cars per day.
Asking price of $2,230,000, which is an 8.21% Cap Rate
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