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Net Lease Cost Plus World Market

Net Lease Cost Plus World Market Property Profile

Date May 22, 2017

Net Lease  Cost Plus World Market – Typical Property and Lease Terms

 

Price Range:$5M - $9M
Cap Rate:5.50% - 6.00%
Net Income:$275,000 - $500,000
Price Per foot:$270 PSF - $350 PSF
Building Size:20,000 SF - 25,000 SF
Lot Size:1.5 Acres
Escalations:Varies
Lease Term:20 Years
Lease Type:NNN
Credit Rating:BBB+ (S&P)

 

Tenant Company Information:

Cost Plus, Inc. operates as a specialty retailer of casual home furnishings and entertaining products in the United States. The company offers home decorating items, furniture products and kitchen products. It also provides gift and decorative accessories and an assortment of jewelry, fashion accessories, personal care items and holiday/seasonal items. In addition, the company offers gourmet foods and beverages, including wine, microbrewed and imported beer, coffee, tea, and mineral water.

The company operates stores under the names of World Market, Cost Plus World Market, Cost Plus Imports, and World Market Stores. The company operates more than 275 stores in 35 states. The company was founded in 1958 and is headquartered in Oakland, California. As of June 28, 2012, Cost Plus Inc. operates as a subsidiary of Bed Bath & Beyond Inc, an investment grade rated company with a Standard & Poor’s rating of “BBB+”.

 

Website: www.worldmarket.com
Founded: 1958
Number of Locations: 275+
Number of Employees: 6,125+
Headquarters Oakland, California
Parent Company: Bed Bath & Beyond
Stock Symbol: BBBY (Nasdaq)
Standard & Poor’s Rating: BBB+
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