Overview

Description

A corporate NNN Charles Schwab with over 12 years remaining in the primary term. The tenant relocated to this location after 10+ years in the market and expanded their building footprint by 28% in 2023. The subject property is also located across the street from Prairiefire, a 60-acre development of roughly 1.5M square feet of retail, residential, office, dining, entertainment, hotel, and a museum.

Highlights

• 12+ years remaining on corporate net lease with minimal landlord responsibilities
• 10% rental increases every 3 years (starting 2/1/2028)
• Lease signed by investment grade tenant (NYSE: SCHW – S&P: “A”)
• Across the street from Prairiefire, a 60-acre development of roughly 1.5M square feet of retail, residential, office, dining, entertainment, hotel, and a museum
• Major national tenants in the direct trade area include REI, Apple, Target, Home Depot, Lowe’s, Bed Bath & Beyond, Sam’s Club, and Sprouts
• Hard corner, signalized location with visibility from all directions (47,754 combined VPD)
• Tenant just signed a 12-year lease extension and expanded the building footprint by 28%
• 175,014 residents within a 5-mile radius of the subject property
• $222,105 average household incomes within a 1-mile radius of the subject property

Documents

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