Kohl’s Department Store

Location: Warsaw, IN
Type: Retail
Price: $ 3,900,000

The Kohl’s Department Store Loan is collateralized by a 68,336SF single tenant retail property located in Warsaw, Indiana. The property was developed in 2005 and is occupied by Kohl’s Indiana, L.P. dba Kohl’s under a long term lease that expires in January 2026. The Lease is guaranteed by Kohl’s Corporation which has an investment grade Moody’s senior unsecured debt rating of Baa1. SMC’s $3,900,000 first mortgage facilitated the acquisition of the property.