Jones Lang LaSalle (“JLL”), on behalf of At Home Group Inc., is pleased to exclusively present an outstanding opportunity for the sale leaseback of three, warehouse format retail buildings (the “Portfolio” or “Properties”) to be occupied by At Home Stores LLC (the “Tenant” or “At Home”). Located in premier retail corridors, the Portfolio totals 290,320 SF.
At Home is a leading home décor superstore offering up to 50,000 on-trend home products, from furniture, mirrors, rugs, art and housewares to tabletop, patio and seasonal décor. The Company is headquartered in Plano, Texas, and currently operates 230 stores in 40 states.
At Home benefits from its market-leading position in an industry experiencing significant tailwinds. At Home is focused on providing the broadest assortment of everyday seasonal products, and over 75% of its product offering is private label, unbranded or co-developed with vendors. As the leader in low-price, unique offerings, At Home has built a loyal customer base, evidenced by their fast-growing loyalty program. Furthermore, the home goods market is a large and growing market supported by favorable demographics and trends in the US Housing Market.
- Category-Leading Tenancy: At Home provides significantly more offerings than other home décor stores with up to 50,000 SKUs across 15 departments. Newsweek recently named At Home’s loyalty program as one of the top programs in the country.
- Exceptional Market Fundamentals: Home furnishings and décor is a large and growing market. Annualized sales PSF for the home goods industry for the year ending June 2021 increased 67.2% over the prior year.
- Premier Locations: The Properties benefit from locations along highly-traveled retail corridors in dense, infill markets. At Home’s exceptional operating performance is broad-based across all markets due to their strategic site-selection.