1600 Kelly Ave Pharr, TX 78577

This exceptional investment opportunity presents a fee-simple interest in a portfolio of five At Home stores, totaling 534,881 square feet across 46.3 acres. Located in Texas, Mississippi, and Ohio, this portfolio is currently 100% occupied under a single master lease agreement with a remaining term of 6.5 years. The absolute NNN lease commenced September 30, 2015, and features a 15-year initial term with four 5-year renewal options. Annual rent escalations of 2.00% provide consistent growth in cash flow. The current Net Operating Income (NOI) is $3,133,492, yielding an attractive 7.50% cap rate on an asking price of $41,779,893. Each store is a single-story building. This portfolio offers significant long-term value with minimal landlord responsibilities, attractive lease terms, and potential for future outparcel development. The low basis of $78 per square foot presents a compelling investment opportunity for discerning buyers. The strong sales performance of the stores further enhances the investment's appeal. This is a rare opportunity to acquire a well-performing, diversified retail portfolio with a substantial remaining lease term and built-in rent growth. The portfolio's location in strong demographic areas adds to its overall attractiveness.