Home Depot

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me (DIFM), and professional customers.

 

The company offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds; and professional installation in various categories sold through its in-home sales programs, such as roofing, siding, windows, cabinet refacing, furnaces, and central air systems, as well as acts as a contractor to provide installation services to its DIFM customers through third-party installers. It primarily serves home owners; and professional renovators/remodelers, general contractors, handymen, property managers, building service contractors, and specialty tradesmen, such as installers.

The company also sells its products through online. It operates through approximately 2,278 stores, including 1,977 in the United States, including the Commonwealth of Puerto Rico, and the territories of the U.S. Virgin Islands and Guam; 182 in Canada; and 119 in Mexico. The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia.

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S&P Rating: A

S&P Outlook: Stable

Moody Rating: A2

Moody Outlook: Stable

Typical Lease Characteristics

Lease Term: 10 – 20 Years  Years

Lease Type: Absolute NNN Lease and Ground Lease

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate

Positives:

  • Public Company, Credit Rated
  • Typically Long term leases with increases
  • Typically Long term leases with increases

Negatives:

  • Competitive Industry Sector
  • Susceptible to economic trends and pressures
  • Large spaces make it more challenging to re-tenant

Market Snapshots:

On Market Ranges:

# of Properties in set: N/AV

Price: N/AV - N/AVAverage: N/AV

PPSF: N/AV - N/AVAverage: N/AV

Year Built: N/AV - N/AVAverage: N/AV

CAP Rate Range: N/AV - N/AVAverage: N/AV

Size range: N/AV - N/AV Average: N/AV

Last 12 Month Range:

# of Properties in set: 11

Price: $10,625,320 - $13,434,310Average: $12,213,008

PPSF: $91 - $118Average: $105

Year Built: 1965 - 2008Average: 1995

CAP Rate Range: 5.59% - 6.83%Average: 6.21%

Size range: 103,658 sq ft - 167,606 sq ft Average: 118,137 sq ft

Home Depot Similar Tenants

Home Depot Company Profile

Headquarters Information

Cobb County, Georgia

Founded in 1978

Company type: Public

Stock Ticker: HD

Sector: Services

Industry: Home Improvement Stores

# of Employees: 406,000

S&P Rating: A

S&P Outlook: Stable

S&P Rating: A2

Moody Outlook: Stable

Home Depot Stock Keys

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