How it came into existence?

The very roots of Burlington Coat Factory lie back in the year 1924. Initiated as a wholesaler of junior suits and ladies coats, the company gradually gained popularity over the years. It all started with Henrietta Milstein and her beau Monroe when they purchased a factory outlet at Burlington in New Jersey for $675,000. Although, her father Abe Milstein and Monroe were already into the business of retail and wholesale outerwear since 1946, they gradually added diverse clothing items into its collection.

The year 1975 marked the opening of its second store in Copiague on the Long Island. Furthermore, by the year 1983, the company began its operations in 31 locations and became a publicly traded warehouse corporation. With every passing year, the company went through various leaps and bounds. In the year 2006, the renowned Bain Capital Partners in $2.06 billion bought the company and became private.

The year 2012 earned great incentive for the company of about $40 million from NJEDA (New Jersey Economic Development Authority). In 2013, the company again started trading as a public company and reported overall sales of $4.35 billion. A big achievement further came into the successive growth of the company when the company occupied a respectable position in the list of Fortune 500 companies in the year 2016.

How it functions?

Currently owning more than 540 stores across 44 different states of the US and the Puerto Rico, the company aims at establishing its retail outlets on a global platform. To accomplish this objective, it is rigorously seeking for ideal properties on lease so as to open its new branches internationally. Being a profit earning company, it invites investors to become a crucial partner in its profit sharing by making a minimum investment of $5M to $10M.

If you have the property, well-suiting to its requirements along with the desired funds, you can sign in a corporate lease agreement with the company. According to its agreement, the initial minimum tenure for lease of your property may vary from 15 to 20 years. However, they can further extend their lease term with options from 20 to 40 years depending on the kind of profit you earn over the years. Furthermore, the company also promises to offer an increment of 10% after every 5 years in your rent.

Burlington Coat Factory Ground Lease Property or Burlington Coat Factory NNN Properties for Sale:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming