Scott Merkle - Commercial Real Estate Showcase

Scott Merkle Property Listings
Senior Director
Stan Johnson Company
180 Madison Ave
Suite 1500
New York, NY 10016-5267

148 E Interstate 20 - Weatherford Marketplace - Kohl's

Weatherford, TX 76087-8556 - Parker County Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2005
Building Size:88,400 SF Land Area:7.91 AC (344,560 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:6.00 %
Parking:Free Surface spaces are available; Ratio of 1.56/1,000 SF Anchor Tenants:Kohl's

This building was awarded an Energy Star label in 2009 for its operating efficiency.

Sale Notes:
Stan Johnson Company is pleased to offer the opportunity to purchase the net-leased fee interest in the commercial building located at 148 East Interstate 20 Frontage Road in Weatherford (Fort Worth), Texas (the Property ). The 88,400-square-foot building was built in 2003 by Kohl' s Corporation ("Kohl's"); the company opened and has fully occupied the facility since 2004. As part of Kohl' s ongoing initiatives to decrease their existing square footage (see The Tenant section for further discussion) across the United States, Kohl' s is offering to sell and lease back 63,300 square feet of the existing building approximately 72 percent giving the new Landlord approximately 25,100 square feet of retail space to lease to a prospective tenant(s). Upon close of escrow, Kohl' s will sign a 12-year primary lease term with 5% rental escalations every 5 years and 3, 5-year renewal options.

Stan Johnson Company
David Annett
(918) 494-2690

Campbell Black
(918) 494-2690

Daniel Herrold
(918) 494-2690

Stan Johnson Company
Scott Merkle
(646) 778-5560 x146

Stan Johnson Company
Katie Elliott
(404) 823-6360

Shan Gastineau
(404) 823-6360

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