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Views: 96 DOM: 149 Updated: 09.24.24 Posted: 05.14.24 Status: Sold 10.10.24

Summary

Price $2,455,000
Built/Renov 1976/2022
Tenant Dogtopia
Cap Rate 7.00%
Lease Type Double NN
Guarantor Franchisee
Size/SF 5,729
Lease Start 07-22-2022
#Units 1
Price/SF $461.51
Expiration 07-31-2034
Tenant Type General Retail
NOI $171,870
R. Term 9.9
Ownership Fee Simple
Rent/SF $30.00
Increases 2.0%/1/yrs
Pop 5Mi 412,686
Lot/AC 0.35
Options 2/5yrs/2%
AHHI 5Mi $90,506

Lease Highlights

  • Dogtopia has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Lease guaranteed by Surfing Pup, LLC

Location Description

Dogtopia is strategically located at the signalized, hard corner intersection of North 7th Street and East Rose Lane, with access to a combined daily traffic count of 33,100 vehicles. The property enjoys a central location in close proximity to Downtown Phoenix and Phoenix Sky Harbor International Airport. Additionally, it is within a 1-mile radius of Uptown Farmers' Market, Christown...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dogtopia
  • Guarantor:Franchisee
  • Company:Surfing Pup, LLC
  • # Units:1
  • Stock:Private

About Tenant

Dogtopia Enterprises, dba Dogtopia is North America’s leading dog daycare, boarding, and spa services provider, offering an experience focused on wellness, quality of care, safety, and...


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Listing Broker

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