Kohl's — Sale in Elko, NV

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Elko, NV 89801

Photos

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Investment Figures

Cap rate
7.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus and Millichap is pleased to present for sale fee simple ownership in the recently developed Kohl's property in Elko, Nevada. The property is secured by a long-term triple net lease providing investors with stable cash flow and limited management. The lease is corporate backed and expires January 31st, 2036. There is a scheduled 6.70% rent increase in March 2031, and 10% increases at each of the six 5-year renewal options. Kohl's anchors Elko Station along with C-A-L Ranch, Burger King and Wendy's. Elko Station benefits from direct access and great exposure off Interstate 80. Kohl's Corporation (NYSE: KSS) is one of the nation's largest omnichannel department store retailers, operating 1,153 stores across 49 states along with its e-commerce platform (kohls.com) and generating approximately $15.5 billion in total annual revenue. The company holds roughly 1.07% market share of the U.S. retail industry and maintains a diversified merchandise mix spanning apparel, footwear, accessories, beauty, and home goods, with a customer base concentrated among value-oriented, moderate-income shoppers nationwide. Investment Highlights: • LOW RENT NATIONAL BIG BOX OPPORTUNITY, INCOME TAX FREE STATE Kohl's Paying $9.69/SF in Rent • SITE UNDERWENT FULL 2021 RENOVATION New Roof and HVAC Units, Limited Near-Term CapEx Requirements • 9+ YEARS REMAIN WITH RENT BUMPS Corporate Lease Expires January 31st, 2036; 6.70% Rent Increase in March 2031 • Limited Retail Competition Elko Serves as Region's Retail Destination for NE Nevada - Largest Retail Consumer Market Within 150 Miles

Market Context

This retail in Elko, NV is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Elko, NV — view the full market.

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