Pier 1 Imports Properties For Sale
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If you wish to purchase a Pier 1
Imports property for investment, please email firstname.lastname@example.org; We have access to an extensive inventory of triple net Pier 1 Imports properties for sale
in Washington DC, Maryland, Virginia and the entire United States.
10 – 15
10% Every 5 years
20 – 40 Years
Absolute NNN Lease
Corporate and Franchise
About Pier 1 Imports:
Pier 1 Imports Inc.
is a Fort
specializing in imported home furnishings and decor, particularly furniture
table-top items, decorative accessories, and seasonal decor. It is publicly
on the New York
under ticker PIR. According to its investor
website, "Our image is quirky, and our logo
is iconic" and describes itself as "ever-original, ever-evolving".[1
The first Pier 1 Imports store opened in
Mateo, California, in 1962. According
to the company's official history, the original store catered to hippy baby
By 1966, Pier 1 had grown to 16 store locations, and established
its corporate headquarters in Fort Worth, Texas.
Pier 1 went public on the American Stock Exchange in 1970 and later joined the New
York Stock Exchange in
time, the company had grown to 123 stores, posted 100 percent sales gains for four consecutive years, and opened
stores internationally in Australia and Europe. A
Pier 1 store in Royal
Oak, Michigan, reached annual sales
of $1 million in 1979. By 1985, the Pier 1 chain grew to 265 stores, with the management goal of
doubling that number by 1990.
On December 29, 2006, Standard & Poor's bumped Pier 1 Imports Inc. down one spot and off the bottom of the S&P MidCap 400 Index
when it addedParametric Technology Corp. (NASDAQ: PMTC), a software
December 2012 the company had sales of $418 million.
In April 2008 Chesapeake Energy bought the headquarters of Pier 1 for $104 million.
The chain operates over 1,000 stores under the name
Pier 1 Imports in the
States, Canada, El
Salvador, and Mexico. The company
also had a children's furniture and accessories retail concept in the United States called Pier 1 Kids
which was disbanded in September 2007. It was a member of the S&P
MidCap 400 list through the end
of 2006, when it was bumped off the list.
Pier 1 Imports also owned a chain of home-decor retailers (40
locations as of February 2006) in the United
Kingdom called "The Pier" until
it was sold to Palli Limited, a subsidiary of the Iceland-based
Lagerinn ehf in March 2006 for approximately $15 million.This
chain went into Administration in December 2008 and was finally closed in January 2009.
Pier 1 Import Properties For
Sale Across the United States: