The Home Depot

Lowest
Cap Rate

4.85%

Lowest cap rate over past 24 months

Average
Cap Rate

5.50%

12 mo avg with 5+ yr lease term

Overview

Home Depot properties are most commonly sold as absolute NNN ground leases, offering long-term stability, passive income, and investment-grade credit from one of the most dominant big-box retailers in the U.S. Leases are corporate-guaranteed by The Home Depot, Inc., a top 20 U.S. corporation.

Average Property & Lease

Average Sale Price	$17,000,000 - 28,000,000
Average NOI	$1,000,000 - $1,600,000
Building SF	100,000
Lease Term	20 Years
Escalations	10% Every 5 Years
Stock Symbol	NYSE: HD

CREDIT RATING

S&P	A
Moody's	A2

TENANT DESCRIPTION

The Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank, with the goal of building a one-stop warehouse for home improvement enthusiasts, where both professionals and DIYers could find everything they needed at affordable prices. Their first two stores opened in Atlanta, Georgia in 1979 and revolutionized the retail hardware industry by offering massive selections, deep discounts, and knowledgeable staff. Their vision helped grow Home Depot into the largest home improvement retailer in the world.

Founded	1978
Headquarters	Atlanta, Georgia
Number of Locations	2330
Revenue	$157 B
Company Website	https://www.homedepot.com
Key Principal	Ted Decker

The Home Depot

Lowest Cap Rate

4.85%

Average Cap Rate

5.50%

Overview

Average Property & Lease

CREDIT RATING

S&P

A

Moody's

A2

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate