Tag Archives: Kohl’s

KohlsShops, WEB

Prescott Valley shopping center goes for $2.75M

CBRE has completed the sale of a net leased shopping center located at 3264 N. Glassford Hill Road in Prescott Valley, Ariz. Shadow-anchored by a Kohl’s department store, the 8,639-square-foot retail property commanded a sale price of $2.75 million. The property is known as The Shops at Glassford Hill Marketplace.

Joseph Compagno with CBRE’s Phoenix office represented the seller, Prescott Valley Signature Entertainment, L.L.C. of Prescott Valley, Ariz., in the transaction. The buyer, Oceanside, Calif.-based Zynda Family Trust, was represented by Rob Walter of Century 21 Arizona West.

This shopping center is brand new 2014 construction.  Our team brought this property to market prior to any tenants being open for business.  We executed on a pre-sale for the developer and sourced an all cash Southern California 1031 exchange investor,” said CBRE’s Compagno. “We took Phoenix pricing to Prescott Valley, Arizona.”

The Shops at Glassford Hill Marketplace consists of five-tenants on triple net leases in a 100 percent occupied building. The property totals 8,639 square feet and sits on 1.02 acres. The building was under construction as the property went to the market for sale and was finished just prior to the close of escrow.  The property sits as a pad to a Kohl’s department store. Brand new leases have been signed with Pacific Dental Services, Sally Beauty Supply, Verizon Wireless, Presto Title Loans and Nationwide Vision. The property also benefits from proximity to a new Walmart Supercenter and Fry’s, which both border the property.

Joseph Compagno specializes in the sale of net leased retail investments across the United States.  His retail team works on the behalf of both private and institutional owners.

Kohls-Avondale, CBRE

CBRE Sells Kohl's in Avondale for $10.6M

CBRE has completed the sale of a single tenant net leased Kohl’s department store located at 1611 N. Dysart Rd. in Avondale, Ariz. The 88,402-square-foot retail property commanded a sale price of $10.6 million.

Joseph Compagno Vice President with CBRE’s Phoenix office represented both the buyer and the seller in the transaction. The seller was La Jolla, Calif.-based Collins Family Trust, Stanford Decedents Trust and Sarn Family Trust. The buyer was Investors Associated LLP of Oconomowoc, Wis.

It was very important to the seller to close this transaction in December. We accomplished that goal for the seller. The seller was looking for the broadest marketing exposure available to buyers of single tenant credit retail. We had a relationship with a 1031 exchange buyer out of the Midwest, who just sold a Walgreens portfolio and was looking for another triple net acquisition,” said CBRE’s Compagno. “The buyer was looking for a safe and stable income stream and they accomplished that with the acquisition of this Kohl’s. Kohl’s is one of the top rated retail tenants in the United States with a “BBB+” investment grade credit rating.”

Located at the northeast corner of Dysart and McDowell Roads, just north of the I-10 Freeway, the property is situated within the Alameda Crossing shopping center on 8.89 acres. Retailers adjacent to Kohl’s include Sprouts Farmers Market, Jo-Ann Fabric, Anna’s Linens, Big 5 among others. The property also benefits from excellent population density and demographics, with more than 226,000 people in a five-mile radius and an average household income of $68,490 within a one-mile radius.

Kohl’s is a specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products. Based in Menomonee Falls, Wis., Kohl’s operates 1,158 stores in 49 states with 30,000 employees.

Joseph Compagno specializes in the sale of net leased retail investments across the United States. His retail team works on the behalf of both private and institutional owners.

CBRE Sells Kohl’s in Avondale for $10.6M

CBRE has completed the sale of a single tenant net leased Kohl’s department store located at 1611 N. Dysart Rd. in Avondale, Ariz. The 88,402-square-foot retail property commanded a sale price of $10.6 million.

Joseph Compagno Vice President with CBRE’s Phoenix office represented both the buyer and the seller in the transaction. The seller was La Jolla, Calif.-based Collins Family Trust, Stanford Decedents Trust and Sarn Family Trust. The buyer was Investors Associated LLP of Oconomowoc, Wis.

It was very important to the seller to close this transaction in December. We accomplished that goal for the seller. The seller was looking for the broadest marketing exposure available to buyers of single tenant credit retail. We had a relationship with a 1031 exchange buyer out of the Midwest, who just sold a Walgreens portfolio and was looking for another triple net acquisition,” said CBRE’s Compagno. “The buyer was looking for a safe and stable income stream and they accomplished that with the acquisition of this Kohl’s. Kohl’s is one of the top rated retail tenants in the United States with a “BBB+” investment grade credit rating.”

Located at the northeast corner of Dysart and McDowell Roads, just north of the I-10 Freeway, the property is situated within the Alameda Crossing shopping center on 8.89 acres. Retailers adjacent to Kohl’s include Sprouts Farmers Market, Jo-Ann Fabric, Anna’s Linens, Big 5 among others. The property also benefits from excellent population density and demographics, with more than 226,000 people in a five-mile radius and an average household income of $68,490 within a one-mile radius.

Kohl’s is a specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products. Based in Menomonee Falls, Wis., Kohl’s operates 1,158 stores in 49 states with 30,000 employees.

Joseph Compagno specializes in the sale of net leased retail investments across the United States. His retail team works on the behalf of both private and institutional owners.