Ross

The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire the single tenant net leased Ross Dress for Less in Homewood, IL. Ross (NASDAQ: ROST) operates over 2,200 stores across the United States, the District of Columbia, Guam and Puerto Rico and has an investment grade credit rating of “A-“ from S&P (Moody’s: “A2”).

This asset is subject to a net lease with over 6.3 lease years remaining in the primary term with four 5-year option periods and $0.57 PSF rent increases every option period. With limited landlord responsibilities (roof & structure) and solid credit/brand recognition, this asset is ideal for a passive investor seeking long-term cashflows.

The 25,020 SF building on 1.67-acre parcel is an anchor to Washington Park Plaza and is opposite The Home Depot & Jewel-Osco shopping center. The subject property is positioned along Halstead Street, which sees over 46,900 VPD, and is Homewood’s busiest retail corridor. Nearby retailers include Menard’s, Target, T.J. Maxx, Best Buy, Bank of America, Walgreens, McDonald’s, Chick-fil-A, Chipotle, Panera Bread, Starbucks, Panda Express, Wendy’s, Popeyes and more.

Don’t miss out on this opportunity to purchase a net leased Ross Dress for Less in the Chicago MSA (population exceeding 9.4 million) with a decade of operating history, 6+ lease years remaining, 20 years in option periods remaining and limited landlord responsibilities.

Available