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Build-to-Suit HomeGoods Goes on Market in Mt. Kisco

Tech-driven net lease trading platform B+E is listing a newly built-to-suit HomeGoods store in Mt. Kisco, NY for sale. Asking price is $7,450,000.

Located near Mt. Kisco’s Metro-North train station, the HomeGoods was announced this past August and is slated to open this year.

The building is approximately 24,834 square feet on about 1.24 acres of land, and includes parking. The property carries a cap rate of 5.5%, and a new 10-year double-net lease with four five-year renewal options.

“This is an excellent investment opportunity with a highly recognizable and trusted lessee,” said Spencer Henderson of B+E.  “HomeGoods is owned by TJX Companies Inc. and did over $4 billion in sales in 2017 which represents a 12% increase from the prior year. There are currently 716 HomeGoods locations, and the company plans on opening 85 stores in fiscal 2019.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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