Petco

141 Beaver Trail South, Glasgow, KY 42141

$4,158,000

Cap Rate 6.25%

Views: 106 DOM: 322 Updated: 10.25.24 Posted: 02.08.24 Status: Active

Summary

Price $4,158,000	Built/Renov 2022	Tenant Petco
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 11,050	Lease Start 12-16-2022	#Units 1,423
Price/SF $376.29	Expiration 12-31-2037	Tenant Type General Retail
NOI $259,888	R. Term 13.0	Ownership Fee Simple
Rent/SF $23.52	Increases 8.5%/5/yrs	Pop 5Mi 20,985
Lot/AC 1.33	Options 5/5yrs/8.5%	AHHI 5Mi $52,159

Klinton Lewis

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Lease Highlights

Petco has 13+ years remaining on the current lease term with 5 (5-year) options to extend
The lease features 8.5% rental increases every 5 years throughout the initial term and each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Petco is strategically located at the signalized, hard corner intersection of Beaver Trail and Happy Valley Road, with a combined daily traffic count of 17,847 vehicles. National tenants in the vicinity include Walmart, Applebee's, McDonald's, Lowe's, Walgreens, and more. The 5-mile trade area is supported by a population of 20,985 with an average household income of $52,159. Glasgow is a home...

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Key Features

Signalized intersection
Hard corner intersection
Near major nationals
Strategically located
Highway location
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee
Over 100 Units backed

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Links

Petco Wikipedia Petco Wikipedia Glasgow, Kentucky Zip Code 42141 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Petco
Guarantor:Corp T and Rated
Company:Petco Health & Wellness Company, Inc
# Units:1,423
Tenant S&P: B+
Moody’s: B3
Stock: NASDAQ: WOOF

About Tenant

Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) is an American pet retailer that sells pet food, pet supplies, small animals, and fish. Some stores offer services such as...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	608	14,867	22,132
2023 Total Population :	611	14,775	21,985
2023 Employed Civilian Pop :	295	5,602	8,514
2023 Total Businesses :	98	1,033	1,178
2023 Average Household Income :	$ 72,566	$ 57,174	$ 62,466
2023 Total Consumer Spending :	$ 12 M	$ 308 M	$ 488 M
2023 Median Age :	47	43	43
2023 Total Households :	203	6,106	8,892
2023 Pop Age 25+: Bachelor's Degree :	85	1,297	2,194
2023 Average Home Value :	$ 199,486	$ 180,999	$ 197,987

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Happy Valley Road		2018	3,994	0.72 mi
Reynolds Road	Ymca Way	2022	4,118	0.81 mi
Happy Valley Rd	Valley View Dr	2014	13,145	0.91 mi
Veterans Outer Loop		2015	8,230	0.92 mi
West Main Street	American Ave	2021	9,107	1.02 mi
Beaver Trl	Veterans Outer Loop	2022	516	1.06 mi
US 68;KY 80	Veterans Outer Loop	2022	5,789	1.07 mi
Lexington Drive	Cardinal Ct	2021	2,181	1.26 mi
Lexington Drive	Cardinal Ct	2018	2,141	1.27 mi
Happy Valley Rd	Dripping Springs Rd	2003	11,981	1.38 mi

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