Net Lease Big Lots Property Profile and Cap Rates

Net Lease Big Lots – Typical Property and Lease Terms

 

Price Range:	$5 mm - $10 mm
Cap Rate:	6.75%
Net Income:	$450,000
Price Per foot:	$75 PSF
Building Size:	35,000 SF
Lot Size:	4 Acres
Escalations:	10% every 5 years
Lease Term:	15 Years
Lease Type:	NN
Credit Rating:	BBB (S&P)

 

Tenant Company Information:

Big Lots, Inc., through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments. It also provides merchandise under the consumables category, which comprises health, beauty and cosmetics, plastics, paper, chemical, and pet departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and electronics, toys, and accessories category consisting of electronics, toys, jewelry, and hosiery departments. As of February 1, 2020, it operated 1,404 stores in 47 states and an e-commerce platform. Big Lots, Inc. was founded in 1967 and is headquartered in Columbus, Ohio.

 

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