This Net Lease Property is freestanding retail building in Elk Grove that is 89,887-square-feet. The Net Lease Property is occupied by Kohl's Department Stores, Inc., a subsidiary of Kohl's Corporation ("Kohl's"). Kohl's is on a net lease that extends through 2028, with multiple renewal options.
Kohl's is a strong and growing retailer, and a very desirable tenant that has been expanding rapidly in California. Kohl's have opened more than 30 stores and a distribution center in California in the last year. Elk Grove, is an affluent community just south of Sacramento, proved a very desirable location for Kohl's.
The retail building serves as an anchor to Calvine Pointe, a proposed 240,000-square-foot retail project currently in development. The project's developer has announced plans for the construction of multiple retail parcels, including a Fresh & Easy Neighborhood Market.
Inland Real Estate Acquisitions, Inc. is the purchasing arm for various entities that are a part of The Inland Real Estate Group of Companies, Inc. Inland has been ranked collectively the as second fastest-growing acquirer of retail property in the United States and one of the largest shopping center owners in North America.