Net Lease Party City Property Profile and Cap Rates Date September 23, 2020
Net Lease Party City – Typical Property and Lease Terms
Price Range: | $3M - $6M |
Cap Rate: | 7.00% - 8.00% |
Net Income: | $225,000 - $475,000 |
Price Per foot: | $240 PSF - $375 PSF |
Building Size: | 12,500 SF - 16,000 SF |
Lot Size: | 1 Acres |
Escalations: | 10% Every 5-Years |
Lease Term: | 10 Years |
Lease Type: | NNN |
Credit Rating: | B+ (S&P) |
Tenant Company Information:
Party City is an American publicly traded retail chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey. Based in Elmsford, New York, the company is the largest retailer of party goods in the United States, Canada and Mexico, operating over 900 company-owned and franchise outlets under the Party City, Halloween City, Toy City, and Factory Card & Party Outlet brands
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