Monday, December 8, 2014

JUST LISTED: The Vitamin Shoppe | Oklahoma City, OK | Rent Increases | Strong Demographics

Investment Highlights

Excellent Tenant - As of June 28, 2014, The Vitamin Shoppe Industries, Inc. reported total revenues of $1.14 billion, a net income of $64.9 million, a net worth in excess of $575 million. The Vitamin Shoppe has seen a 14% increase in gross revenue year over year, with plans to open 60 locations by the end of 2014.

Lease Term & Rent Increases - Brand new ten (10) year lease with two (2), five (5) year renewal options and 10% rent increases every five (5) years.

Strong Demographics - The subject Property features an average household income of $76,772 within a five-mile radius.

Surrounding Retail - The subject Property is located within a retail corridor with nearby tenants including Macy’s, Dillards, Sears, JCPenney, Ross, Ulta, Office Depot, UPS, and IHOP among many others.

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