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7801 Rogers Avenue - Massard Farms - Kohl's, Fort Smith, AR

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7801 Rogers Avenue - Massard Farms - Kohl's

Fort Smith, AR 72903 - Greater Ft Smith Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2001
Building Size:86,584 SF Land Area:7.83 AC (340,992 SF)
For Sale Price:$8,550,175 Price/SF:$98.75
Cap Rate:8.00 %
Parking:Free Surface spaces are available; Ratio of 4.77/1,000 SF Anchor Tenants:Kohl's
Features:Pylon Sign

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

Sale Notes:
Stan Johnson Company is pleased to offer for sale to qualified investors, the opportunity to purchase a Kohl's department store located at 7801 Rogers Avenue, Forth Smith, Arkansas (the Property ). The Property is located on Rodgers Ave, a significant east/west thoroughfare in Fort Smith.

The Property is +/- 86,584 square feet on approximately 9.09 acres. Kohl' s is currently operating under a 20 year base term NN lease with landlord responsibility of roof and structure. Kohl's has successfully operated at this location for 15 years with 5.5 years remaining. There are five (5), five (5) year options to extend the lease with approximately 3% increases each option.

Kohl's is a clothing retailer that operates approximately 1,160 department stores in 49 states and is the second largest department store by retail sales in the United States. A typical store spans 88,000 square feet and serves markets with 150,000 to 200,000 people. Kohl's is a public company with $19 billion in total revenue, $867 million in net income, $6 billion in net worth, and a credit rating of "BBB" investment grade.
Fort Smith is the second-largest city in Arkansas and one of the two county seats of Sebastian County. As of the 2010 Census, the population was 86,209. It is the principal city of the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area, a region of 298,592 residents that encompasses the Arkansas counties of Crawford, Franklin, and Sebastian and the Oklahoma counties Le Flore and Sequoyah.

Fort Smith is the main shopping destination of Western Arkansas and Eastern Oklahoma. Central Mall is the state's largest indoor shopping center in terms of area. Some notable shopping locations in the city of Fort Smith are: Rogers Avenue - including Central Mall - and Phoenix/Greenwood Avenue.

Fort Smith has long been a regional manufacturing center, with major plants located in the city operated by Rheem, Trane, Georgia-Pacific, Gerber, Planters Peanuts, Mars Petcare, Umarex USA, Graphic Packaging, and many others.

The city is home to several corporations including Baldor Electric Company, a member of the ABB Group, Arkansas Best Corporation, and poultry company OK Foods.

Stan Johnson Company
Tyler Molleson
(404) 823-6360

Jason Powell
(404) 823-6360

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