- Rare STNL The Home Depot Opportunity – STNL asset with a publicly traded, investment-grade credit national tenant on a long-term Absolute NNN lease
- 100% leased to The Home Depot (NYSE: HD), the world’s largest and leading home improvement specialty retailer with over 2,300 locations, a market capitalization of $357 billion and revenue of $163 billion
- Established, High-Performing The Home Depot Location – This is an established and top performing The Home Depot store, as proven by many factors (download the Offering Memorandum for more details)
- Outstanding NOI Growth – Due to fixed rental increases of 8.50% on base rent every 5 years (next increase in February 2027) as well as rare percentage rent income, the property provides outstanding income growth, and a strong inflationary hedge compared to many “flat” STNL investments
- Large Scale Covered Land Play, Future Redevelopment Opportunity – The Home Depot is situated on a large ±11-acre site centrally located in San Bernardino, immediately off Interstate 215. While The Home Depot will very likely remain at this location long-term given its success, the property presents an excellent redevelopment opportunity in the future given its pricing at just $58 PSF on a Land PSF basis.
- Regional, Freeway Adjacent Location – Ideally located along Interstate 215 (±118,000 CPD), with direct on-/off-ramp access via W Highland Ave (±29,800 CPD) and adjacent to name brand tenants including Stater Bros Markets, Dollar Tree, AutoZone, McDonald’s, 7-Eleven, Jack in the Box and others, generating tremendous traffic to the immediate trade area