Kohl's

Interested in selling your Kohl's NNN property or Kohl's lease property and was 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 Kohl’s NNN property for sale or Kohl’s ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Kohl’s NNN property or the inclusion of a Kohl’s ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Kohl’s properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Kohl's logo

Number of locations

As of January 2023, Kohl’s has over 1,170 stores in 49 states.

Revenue and income

In 2022, Kohl’s’s total revenue was $19.4 billion. Net income was $664 million.

Future plans

Kohl’s plans to expand its physical footprint and online presence. 2023, the company plans to open 15 new stores and remodel 100 existing ones. Kohl’s is also investing in its e-commerce business, with plans to launch a new mobile app and expand its online product offerings.

Corporate vs. franchise 

Kohl’s stores are all corporate-owned. The company does not franchise its stores.

Additional information Kohl’s Properties

Kohl’s was founded in 1962 by Maxwell Kohl, a Polish immigrant who opened his first grocery store in Milwaukee, Wisconsin.
The company’s name is a reference to the Kohl family name.
Kohl’s is the second-biggest department store chain in the US, after Walmart.
The company’s most popular products include apparel, home goods, and cosmetics.
Kohl’s is headquartered in Menomonee Falls, Wisconsin.

Kohl’s History

Kohl’s was founded in 1962 by Maxwell Kohl, a Polish immigrant who opened his first grocery store in Milwaukee, Wisconsin. The company’s first department store opened in 1962 in Brookfield, Wisconsin. Kohl’s increased in the 1970s and 1980s, expanding into new markets across the Midwest. In 1986, Kohl’s went public. In the 1990s, Kohl’s continued to grow, opening stores in the Northeast and Southeast. The company also began to offer a wider variety of merchandise, including apparel, home goods, and cosmetics. In 2003, Kohl’s opened its first store in California, giving the company a coast-to-coast presence.

Why Invest in Ground Lease and NNN Lease of Kohl’s?

Investing in Kohl’s ground lease and triple net (NNN) lease properties offer compelling reasons:

1) Kohl’s NNN Property Investment: Stable income

Kohl’s, a venerable retail giant, stands as a testament to stability and longevity in commerce. For investors seeking dependable income streams, Kohl’s NNN (Triple Net Lease) Property Investment and Sale is a resounding choice. With its unwavering brand and extensive market presence, this retail juggernaut offers a consistent and reliable source of income that stretches far into the future. One of the primary reasons behind the dependability of Kohl’s NNN Property Investment and Sale is the utilization of ground and NNN leases. These leases are renowned for providing investors with predictable cash flows over the long term, making them a cornerstone of prudent real estate investments.

2) Kohl’s NNN Property Investment: Established tenant

One key to successful real estate investment is securing a tenant with the financial stability and market standing to weather economic storms. Kohl’s effortlessly fulfills this criterion. With its impressive size and robust financial health, Kohl’s is an ideal tenant, significantly reducing the risk of vacancy or lease default. Investors in Kohl’s NNN Property Investment can rest easy, knowing they have a steadfast and reliable tenant for their property. This reliability is crucial in uncertain economic times, as Kohl’s demonstrated resilience makes it an anchor in your investment portfolio.

3) Kohl’s NNN Property Investment: Low management responsibility

Real estate investments can often be accompanied by many management responsibilities, which can be demanding and time-consuming. However, when you invest in Kohl’s NNN Property, you can enjoy the advantage of reduced management obligations. Thanks to the in-ground and NNN leases that Kohl’s typically employs, the tenant is responsible for property maintenance and expenses. With less engagement from the landlord in daily operations, investors can concentrate on other elements of their portfolio or take a more hands-off approach to property management.

4) Kohl’s NNN Property Investment: Favorable lease terms

The attractiveness of Kohl’s NNN Property Investment extends beyond the stability and low management requirements. Kohl’s also offers favorable lease terms that further enhance the appeal of this investment opportunity. These lease terms often include long durations with built-in rent escalations. Such provisions not only guarantee a predictable income stream but also have the potential to yield rental growth over time. This stability and growth potential combination is a compelling reason to consider Kohl’s NNN Property Investment.

5) Kohl’s NNN Property Investment: Real estate value

In real estate investing, location is crucial, and Kohl’s has placed its department shops in high-traffic regions. This strategic decision can significantly increase the value of the associated properties, presenting investors with the potential for capital appreciation. Investing in Kohl’s NNN Property means benefiting from these prime locations’ foot traffic and visibility. As the surrounding areas develop and grow, the real estate value of these properties can be appreciated, further solidifying the investment’s long-term potential.

Pros and Cons of Kohl’s Ground Lease and NNN Lease Investment

Pros:

1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.
5.Strong brand and growing e-commerce business.
6. Redevelopment potential for older properties.

Cons:

1. Lease renewal risk when the term expires.
2. Dependency on Kohl’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.

Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.

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