Net Lease Jo-Ann Stores Property Profile and Cap Rates

Net Lease Jo-Ann Stores  – Typical Property and Lease Terms

 

Price Range:	$4.5M - $9M
Cap Rate:	6.75%
Net Income:	$325,000 - $650,000
Price Per foot:	$225 PSF - $285 PSF
Building Size:	20,000 SF - 35,000 SF
Lot Size:	2 Acres
Escalations:	7% - 10% Every 5-Years
Lease Term:	10 Years
Lease Type:	NNN
Credit Rating:	B (S&P)

 

Tenant Company Information:

Jo-Ann Stores, Inc. is an American specialty retailer of crafts and fabrics based in Hudson, Ohio. It operates the retail chains JOANN Fabrics and Crafts and Jo-Ann Etc. The headquarters of the company is located in the former General Motors Terex plant.

 

 

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