ROCK Commercial Real Estate, LLC
Susquehanna Commerce Center West 221 West Philadelphia Street, Suite 19 York, PA 17401-2992 Phone 717-854-5357 Fax 717-854-5367 www.rockrealestate.net
Net Lease Investment
Kohl s
Expect Great Things.
Since 1962 Kohl s has grown to more than 1,000 stores nationwide. Sales have grown by almost 60% over the last four years, now totaling $16.5 billion. Kohl s clean, bright department stores accent the commitment to family, value and national brands. Stores are stocked with everything you need for yourself and your home - apparel, shoes and accessories for men, women and children, plus home products like small electrics, bedding, luggage and more. Kohl s not only offers the best merchandise at the best prices, but is always working to make your shopping experience enjoyable. Kohl s reported that January same-store sales fell, but the results still topped Wall Street expectations. Analysts believe Kohl's, which has developed strong exclusive brands, is poised to benefit from liquidations of competitors like Mervyns. This net lease investment is offered at a CAP rate of 7.29% (Investment Only) which is based on the quality of the lease, the quality of the tenant, the economic strength of the community and the income potential from the surplus land. Cash return with principal reduction 10.134%. The current assumable bond financing (6.34%) is basically equal to the debt service payment and term and does not require personal guarantees. Lease Original term expires February 1, 2020 but may extend with six five year options. Rent is fixed at $645,050.80 ($7.40/SF) throughout the terms. Landlord pays the real estate taxes on the surplus land and no other expenses. Property Location 2600 Pleasant Valley Road York, PA 17402 Springettsbury Township ADC Map 3272 A3 Sale Price Contact Land 16.22 acres Primary parcel - 11.289 acres Surplus land - 4.928 acres (not included) Property is served by all public utilities. 1000 front feet; 12% lot building coverage. Improvements Approx. 87,714 square feet Paving 150,000 square feet Parking 430 spaces + 10 éspaces. Tax ID 46-000-KI-0012-B0 Deed Reference 1333 4193
$8,850,000.00 Investment
Russell J. Bardolf, CCIM, SIOR
The information herein comes from sources deemed as reliable but no warranty is made as to the accuracy and is subject to correction or change and can be withdrawn without notice.
ROCK Commercial Real Estate, LLC
Susquehanna Commerce Center West 221 West Philadelphia Street, Suite 19 York, PA 17401-2992 Phone 717-854-5357 Fax 717-854-5367 www.rockrealestate.net
SITE DEFINED
ROCK Commercial Real Estate, LLC
Susquehanna Commerce Center West 221 West Philadelphia Street, Suite 19 York, PA 17401-2992 Phone 717-854-5357 Fax 717-854-5367 www.rockrealestate.net
LABELED AERIAL