Floor & Decor
Interested in selling your Floor & Decor NNN property or Floor & Decor 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 Floor & Decor NNN property for sale or Floor & Decor 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 Floor & Decor NNN property or the inclusion of a Floor & Decor ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Floor & Decor properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, Floor & Decor operates over 190 warehouse-format stores across approximately 38 states in the United States. The company has a strong presence in major metropolitan and high-growth suburban markets.
Revenue and income
In 2022, Floor & Decor reported total revenue of approximately $4.3 billion. The company generated net income of about $340 million, reflecting strong demand in the hard-surface flooring and home improvement segment.
Future plans
Floor & Decor plans to continue expanding its U.S. footprint, with a long-term goal of operating 500 or more stores nationwide. The company focuses on new store openings, supply chain investments, private-label product expansion, and digital capabilities, including enhanced e-commerce and in-store design services.
Corporate vs. franchise
Floor & Decor stores are 100% corporate-owned and operated. The company does not offer franchise opportunities, allowing it to maintain consistent pricing, merchandising, and customer experience across all locations.
Additional information – Floor & Decor Properties
Floor & Decor was founded in 2000 in Atlanta, Georgia.
The company specializes in hard-surface flooring, including tile, wood, laminate, vinyl, stone, and related installation materials.
Floor & Decor operates a warehouse-style retail model, serving both homeowners and professional contractors at competitive prices.
Floor & Decor is a publicly traded company (NYSE: FND) and is headquartered in Atlanta, Georgia.
Floor & Decor History
Floor & Decor was founded in 2000 in Atlanta, Georgia with the goal of offering a wide selection of hard-surface flooring products at competitive prices through a warehouse-style retail model. From its early beginnings, the company focused on serving both homeowners and professional contractors by providing in-stock flooring options and related installation materials.
Over the years, Floor & Decor evolved into a leading specialty retailer by expanding its product assortment to include tile, wood, laminate, vinyl, and stone flooring, along with decorative and installation accessories. Its emphasis on large-format stores, everyday low pricing, and knowledgeable in-store service supported steady growth and strong customer demand.
Today, Floor & Decor operates hundreds of stores across the United States and continues to expand its national footprint. The company remains focused on innovation through new store openings, private-label product development, and enhanced digital and in-store design services, positioning Floor & Decor as a prominent player in the home improvement and flooring retail industry.
Why Invest in Ground Lease and NNN Lease of Floor & Decor?
Investing in Floor & Decor ground lease and triple net (NNN) lease properties offers compelling reasons for investors seeking stable income from a leading home improvement retailer:
1) Floor & Decor NNN Property Investment: Stable home-improvement-driven income
Floor & Decor benefits from consistent demand for renovation and remodeling products, supporting reliable long-term rental income under ground and NNN lease structures.
2) Floor & Decor NNN Property Investment: Established national tenant
With hundreds of warehouse-format stores nationwide and a strong brand presence in the hard-surface flooring segment, Floor & Decor’s recognizable name and proven growth model help reduce vacancy and lease default risk.
3) Floor & Decor NNN Property Investment: Low management responsibility
In ground and NNN leases, Floor & Decor typically assumes responsibility for property taxes, insurance, and maintenance, minimizing landlord management obligations.
4) Floor & Decor NNN Property Investment: Favorable long-term lease terms
Floor & Decor properties are commonly secured by long-term leases with built-in rent escalations, providing predictable income and potential rental growth over the lease term.
5) Floor & Decor NNN Property Investment: Strong real estate fundamentals
Floor & Decor stores are typically located in high-traffic retail corridors and power centers, which can enhance long-term property value and offer potential capital appreciation.
Pros and Cons of Floor & Decor Ground Lease and NNN Lease Investment
Pros:
Stable income supported by a well-established national home improvement and flooring retail brand.
Established tenant presence reduces vacancy risk and enhances lease security.
Minimal management responsibility for landlords, as Floor & Decor typically covers taxes, insurance, and maintenance under NNN and ground lease structures.
Long lease terms provide income stability and potential rental growth through built-in rent escalations.
Cons:
Lease renewal risk exists when the lease term expires.
Dependence on Floor & Decor’s operational performance and exposure to housing and remodeling cycles.
Competition within the home improvement and specialty retail sector may impact store performance.
Limited landlord control over property and operational decisions during the lease term.
Economic downturns and shifts in consumer spending can affect real estate performance and exit value
Thorough due diligence and careful evaluation of location quality, lease structure, tenant strength, and investment strategy are essential. Investors should seek guidance from experienced real estate and financial professionals to align investments with their goals and risk tolerance.