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INVESTMENT HIGHLIGHTS
Home Depot just exercised two options early, resulting in an extension to January 2037.
Top-performing location ranked in the 87th percentile nationally (per Placer.AI).
Investment-grade credit rating (S&P: A).
Scheduled 7% rent increases every five years, including at the start of each of the 7, 5-year remaining extension options, increases yield an estimated 420 basis points over the term and option periods.
Freeway location at the corner of two major transportation routes connecting to I-205.
High-density surrounding residential base with over 448,000 residents within a 5-mile radius, earning an average of $116,000 annually.
Home Depot is directly responsible for the maintenance, repair, and replacement of their roof.
1.1 million store visits between October 2023 and September 2024. (Placer.ai).
89% of all Home Depot locations are corporately owned.
