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Kmart Properties For Sale

    



Interested in Purchasing a Kmart Property for Investment?

 

If you wish to purchase a Kmart property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Kmart properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

 

 

kmart

 

 
Price: 

$3M - $7M


Lease Term
:

10 – 15 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate
CAP Rate Ranges:
6% – 7%
Subsidiary
Industry Retail
Founded 1899; 117 years ago
(as SS Kresge Corporation)
Garden City, Michigan,U.S
1962 (as Kmart chain)
1977 (renamed Kmart Corporation)
Founder S. S. Kresge
Headquarters Hoffman Estates,Illinois,U.S.
Number of locations
962[1]
Area served
United States
Products Clothing, linen, jewelry, housewares, tools, electronics, toys, food.
Revenue US$15.285 billion(2012)[2]
Parent Sears Holdings
Subsidiaries Kmart
Big Kmart
Kmart Super Center
KDollar
K-Café
Kwash
Kmart Express
K-Fresh
Kmart Dental
Slogan Shop Your Way
Website Kmart.com
 


About Kmart:

 

Kmart(sometimes stylized asK martorkmart) is an American chain of discount department stores headquartered in Hoffman Estates, Illinois, United States. The chain purchasedSearsfor $11 billion in 2005, forming a new corporation under the name Sears Holdings Corporation.[3]The company was founded in 1962 and is the third largest discount store chain in the world, behind Walmart and Target,[4]with stores in the United States, Puerto Rico, theU.S. Virgin Islands, and Guam(which houses the world's largest Kmart).[5]It also used to operate stores in Canada, Mexico, and Eastern Europe. As of December 31, 2014, the company operated a total of 978 Kmart stores.[6]In 2013 it had operated 1,221 in 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands, including 1,196 discount stores, averaging 94,000 sq ft (8,700 m2), and 25 Super Centers, averaging 168,000 sq ft (15,600 m2).[7]

As of January 30, 2010, Kmart operated a total of 1,327 (13 closing by late May) Kmart stores across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands. This store count included 1,361 discount stores, averaging 92,000 sq ft (8,500 m2), and 29 Super Centers, averaging 165,000 sq ft (15,300 m2).[1 ]

Kmart's world headquarters were located inTroy, Michigan, in a sprawling complex which, since Kmart's relocation to Illinois, has been slated for demolition.[2 ] However, at this current time, no actual demolition efforts are underway, and the proposed mixed-use complex thePavilions of Troy, slated for the site has not begun construction due to issues with funding.[3 ]

Kmart became known for its "Blue Light Specials". They occurred at surprise moments when a store worker would light up a mobile police light and offer a discount in a specific department of the store. At the height of Kmart's popularity, the phrase "attention Kmart shoppers" alsoentered into the American pop psyche, appearing in films and other media such asTroop Beverly Hills,Six Days Seven Nights, andBeetlejuice. According to MoviePlacement.com, the K Mart brand was also mentioned in 80's films such asRain Man,Ruthless People, andBlack Rain, but not in a positive light.

 

Target  Properties For Sale Across the United States :

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming   



 

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Ihop
Home Depot
J.Crew
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