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Pier 1 Imports Properties For Sale

    



Interested in Purchasing a Pier 1 Imports Property for Investment?

 

If you wish to purchase a Pier 1 Imports property for investment, please email info@nnndeals.com; 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. 

 

 

 

 

 
Price: 

$1M - $3M


Lease Term
:

10 – 15 Years


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

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate and Franchise
CAP Rate Ranges:
6% – 7%
Public
Traded as NYSEPIR
Industry Retail
Founded San Mateo, California(1962)
Headquarters Fort Worth, Texas,U.S.
Key people
Alexander Smith, CEO
Andrew Laudato, CIO
Products Furniture
Revenue US$1.86 billion
Number of employees
17,000
Slogan 'Find What Speaks to You.'
Website www.pier1.com

      

About Pier 1 Imports:

 

Pier 1 Imports Inc. is a Fort Worth  , Texas   –based retailer   specializing in imported home furnishings and decor, particularly furniture   , table-top items, decorative accessories, and seasonal decor. It is publicly traded on the New York Stock Exchange under ticker PIR. According to its investor relations 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 San Mateo, California, in 1962. According to the company's official history, the original store catered to hippy baby boomers and featured love beads and incense.[2] 

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 1972.[2]At this 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. (NASDAQPMTC), a software company.[3]As of December 2012 the company had sales of $418 million.[4] 

In April 2008 Chesapeake Energy bought the headquarters of Pier 1 for $104 million.[5][6] 

The chain operates over 1,000 stores under the name Pier 1 Imports in the United 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.[7]This chain went into Administration in December 2008 and was finally closed in January 2009.[8] 

Pier 1 Import 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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