Kohl’s | Brand New 15 Year Lease Renewal | Fort Smith, AR

Agent Info

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Kohl’s | Brand New 15 Year Lease Renewal | Fort Smith, AR



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Offering Information

7801 Rogers Ave
Fort Smith, AR 72903

  • Price: $10,133,500
  • Cap. Rate: 6.75%
  • NOI: $684,014
  • Building Size: 62,117SF
  • Lot Size: AC

Investment Highlights

  • Tenant Recently Renewed Lease - 15 Years Remaining - Exhibits Strong Commitment
  • Attractive Rental Increases Every 5 Years
  • NN - Minimal Landlord Responsibilities - Recently Replaced Roof (2 Years)
  • (3) 5 Year Options to Renew with Increases
  • Kohl’s Corporation Guarantee
  • Investment Grade S & P Credit Rating “BBB-”
  • Kohl’s is Well Positioned with Recent Innovative Amazon Partnership
  • Fort Smith is the Second Largest City in Arkansas - Strong Demographics Conducive to Kohl’s Business Model
  • Located as part of the Massard Farms Shopping Center - Excellent Co-Tenancy
  • Nearby Retailers Include: Sam’s Club, Lowe’s, Ashley Furniture, Harps, and Many More
  • Growing Population with Household Incomes Conducive to Kohl’s Target Demographic
  • Strong Traffic Counts on Rogers Avenue - Fort Smith’s Main Retail Corridor