loader
Join Free
Views: 83 DOM: 125 Updated: 08.29.24 Posted: 05.14.24 Status: Contract 07.22.24

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 9.10
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...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity