Big Lots

Tenant Description

Big Lots, Inc. was founded in 1967 and is headquartered in Columbus, OH. It operates 1,400+ stores in 45+ states, operating as a non-traditional, discount retailer in the United States. It. Big Lots, Inc. The company says its mission of “Surprises in every aisle, every day,” means consumers will find “unexpected prices, items and brands.

What To Look For When Buying A Big Lots

Area Demographics & Intrinsic Real Estate Quality

What We Like About Big Lots

Big Deal Size

Competition

Wal-Mart, Target, Costco, Dollar General, Dollar Tree

What Is Sold In A Big Lots

The company offers products under various categories such as furniture  (mattress, case goods, and ready-to-assemble departments),  seasonal category (Christmas trim, lawn and garden, summer), soft home category (fashion and utility bedding, bath, window), food category (beverage and grocery), consumables category (health, beauty cosmetics, pets), hard home category (small appliances, table top, food preparation) and electronics, toys, and accessories category.

Big Lots Website

https://www.biglots.com/

Corporate Office Location

4900 E Dublin Granville Rd – Westerville, OH 43081

Fast Facts

Big Lots has a revenue of $5+ Billion and 11,000+ employees as of 2019

Stock Price
Tenant News
Average Cap Rate Trend
7.25%
2019
7.0%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$4,000,000
Avg. Annual Rental Income$250,000
Avg. Price/ SF$150/SF
Typical Lease TypeTriple Net
Typical Lease Term10 Years
Typical Lease EscalationsNone
Credit Rating
S & PBBB
Moody'sN/A

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