Kay Jewelers, Youngstown
Metropolitan Statistical Area
Minimum Investment $55,000
Absolute NNN - 7.5 Year Lease Remaining
New 2015 relocation store for Kay Jewelers on a 10 year NNN Lease with 10% rental increases every 5 years & in the options.
Annual Rent Based on $100k Investment
Offered at a 6% Income Stream
Relocation store from 12-year historical location
Located across from 507,000 sq. ft. Regional mall
10 year term NNN Lease
10% increase after 5 years and at the beginning of each five year option
Kay Jewelers relocated to this site after 12 years of successfully operating in the adjacent Shenango Valley Mall (507,000+ SF shopping center). This offering is a rare opportunity to acquire a portion of a brand-new freestanding building leased by Kay Jewelers with historically strong sales.
Immediate trade area retailers include the 507,000+ SF regional Shenango Valley Mall, which is anchored by JCPenney. Other retailers in the immediate area include Home Depot, Lowes, Shenango Valley Cinema, Aidi, Chipotle, and many others. There are over 36,000 vehicles per day at the intersection of Hermitage Rd & E State Street.
This property is a brand new build-to-suit, freestanding Kay Jewelers location, constructed in 2015, and represents a newer prototype location. Kay Jewelers, the tenant, is responsible for interior structural components and HVAC and directly administers the operation, maintenance, repair, and replacement of the common areas including direct payment of CAM's and directly pays taxes.
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