At Home
Interested in selling your At Home NNN property or At Home ground lease property and wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market At Home NNN property for sale or At Home ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the clarity needed to make informed decisions regarding the sale of your At Home NNN property or the inclusion of a At Home ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market At Home properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of 2023, At Home operates over 260 large-format retail stores across 40 U.S. states. The company has a strong presence in Texas, California, Florida, and the Midwest, with each store typically ranging from 100,000 to 140,000 square feet.
Revenue and income
In fiscal year 2022, At Home generated approximately $1.7 billion in total revenue. The company is privately held, so detailed net income figures are not publicly disclosed. However, At Home has maintained steady sales growth driven by expansion and demand for home décor products.
Future plans
At Home continues to focus on strategic store expansion and omnichannel growth. The company plans to open new stores in high-growth suburban markets while enhancing its e-commerce platform, curbside pickup, and supply chain efficiency. Technology investments are aimed at improving inventory management and customer experience.
Corporate vs. franchise
All At Home stores are corporate-owned and operated.
The company does not offer franchise opportunities, allowing full control over branding, pricing, merchandising, and store operations.
Additional information – At Home Properties
At Home was founded in 1979 in Schertz, Texas, originally under the name Garden Ridge Pottery.
The company rebranded as At Home in 2014 to reflect its broader home décor assortment.
At Home is known for offering over 50,000 home décor products, including furniture, rugs, wall art, seasonal décor, and patio items—at value-oriented prices.
At Home is privately held and is owned by Hellman & Friedman, with headquarters located in Coppell, Texas.
At Home History
At Home traces its origins back to 1979, when the company was founded in Schertz, Texas, under the name Garden Ridge Pottery. Initially focused on home accents and decorative items, the business gradually expanded its product assortment and store size to meet growing consumer demand. In 2014, the company rebranded as At Home, reflecting its evolution into a comprehensive home décor superstore offering furniture, rugs, wall décor, seasonal items, and everyday home essentials.
At Home’s focus on providing a wide selection of stylish home décor at affordable prices has supported its steady expansion across the United States. Through large-format stores and a growing omnichannel presence, At Home has positioned itself as a key player in the home décor retail industry. Today, the company continues to grow by entering new markets and enhancing the customer shopping experience both in-store and online.
Why Invest in Ground Lease and NNN Lease of At Home?
Investing in At Home’s ground lease and triple net (NNN) lease properties offers several attractive advantages for commercial real estate investors:
1) At Home NNN Property Investment: Stable income
At Home operates large-format stores with strong sales volumes and a value-driven retail model. Ground lease and NNN structures provide consistent, long-term rental income with predictable cash flows.
2) At Home NNN Property Investment: Established national tenant
As a well-recognized national home décor retailer with hundreds of locations across the U.S., At Home represents a creditworthy tenant. Its broad customer base and strong market presence help reduce vacancy risk and support long-term lease performance.
3) At Home NNN Property Investment: Low management responsibility
Under ground lease and NNN lease agreements, At Home is typically responsible for property taxes, insurance, and maintenance, allowing landlords to enjoy passive income with minimal operational involvement.
4) At Home NNN Property Investment: Favorable lease terms
At Home NNN leases are commonly structured with long initial terms and scheduled rent escalations, offering investors inflation protection and reliable income growth over time.
5) At Home NNN Property Investment: Strong real estate fundamentals
At Home stores are strategically located in high-traffic retail corridors and power centers, often serving as anchor tenants. These locations support long-term real estate value and potential appreciation.
Pros and Cons of At Home Ground Lease and NNN Lease Investment
Pros:
At Home is a nationally recognized retailer that can provide stable and predictable rental income.
Long-term ground and NNN leases reduce vacancy risk by securing an established tenant.
The tenant typically handles taxes, insurance, and maintenance, resulting in minimal landlord responsibilities.
Extended lease terms with scheduled rent escalations support income stability and growth.
Cons:
There is a risk that At Home may not renew the lease at the end of the term.
The investment’s performance depends heavily on At Home’s ongoing operational and financial success.
Competition from other home décor retailers and e-commerce platforms can impact store performance.
Ground and NNN leases offer limited control over property decisions during the lease term.
Broader economic conditions and shifts in retail real estate demand can affect property value.
Thorough due diligence, including review of location quality, lease structure, tenant credit, and market fundamentals, is essential. Investors should consult commercial real estate professionals and financial advisors to ensure alignment with their investment objectives and risk tolerance.