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INVESTMENT HIGHLIGHTS
THE ASSET: At Home occupies a 108,046 square foot building on a 12.05-acre parcel. At Home has been at this location since 2015 and recently extended their lease, demonstrating their commitment to the site and the market. At Home has 6+ years remaining on their double net lease with two (2), 5-year renewal options.
ATTRACTIVE RENT INCREASES: The lease calls for a 10% rent increase at the start of each renewal option period providing the investor with an attractive increase in revenue and a hedge against inflation.
STRATEGIC RETAIL LOCATION: The Property is well located along Watson Boulevard (GA Highway 247C), the area’s primary commercial corridor. The Property is surrounded by national retailers and restaurants that drive traffic to the area and densely developed residential neighborhoods that provide a built-in customer base. Additionally, the Property is close to area highways (US Highways 41 and 129) and is 6-miles from Robins Air Force Base, a massive government complex that spans 6,935 acres, employs 23,282 people, and provides an annual economic impact of $5.4 Billion to the local and broader state economy.
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