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| Price $6,308,000 | Built/Renov 1975/2010 | Tenant Chewy |
| Cap Rate 7.50% | Lease Type
Modified Gross | Guarantor Corp Traded |
| Size/SF
25,274
| Lease Start
09-01-2018
| #Units
33
|
| Price/SF $249.58 | Expiration
04-30-2029
| Tenant Type Big Box Retail |
| NOI $473,118 | R. Term 4.5 | Ownership Fee Simple |
| Rent/SF
$18.72
| Increases 2.5%/1/yrs | Pop 5Mi 208,289 |
| Lot/AC 3.14 | Options 2/5yrs/2.5% | AHHI 5Mi $68,569 |
| | |
Chewy, Inc. is an online retailer of pet food and other pet-related products owned by PetSmart, and this location is their first call center with 340 agents to field calls. To accommodate their growth, the tenant has an option to expand the building an additional 10,000 SF. This site is located directly along Fern Valley Road/State Highway 1747 (26,400 VPD), a primary retail and business...
...Signalized intersection
Hard corner intersection
Near major nationals
Strategically located
Highway location
Dense 200M+ pop 5 mi
Strong sales history
Annual rent increases
Corporate Guarantee
Publicly traded company
Chewy, Inc. (NYSE: CHWY) (doing business as “Chewy”) is a pure play e-commerce business geared toward pet products and services for dogs, cats, fish, birds, small pets, horses, and reptiles....
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 11,113 | 61,112 | 211,276 |
| 2023 Total Population : | 10,929 | 61,206 | 213,058 |
| 2023 Employed Civilian Pop : | 5,567 | 31,620 | 113,373 |
| 2023 Total Businesses : | 556 | 3,017 | 7,324 |
| 2023 Average Household Income : | $ 57,186 | $ 66,519 | $ 79,673 |
| 2023 Total Consumer Spending : | $ 216 M | $ 1437 M | $ 6136 M |
| 2023 Median Age : | 35 | 37 | 39 |
| 2023 Total Households : | 4,308 | 24,639 | 88,501 |
| 2023 Pop Age 25+: Bachelor's Degree : | 955 | 5,675 | 28,635 |
| 2023 Average Home Value : | $ 249,377 | $ 206,712 | $ 242,126 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Fern Valley Rd | Preston Hwy | 2012 | 26,400 | 0.03 mi |
| 2012 | 2,300 | 0.04 mi | ||
| 2012 | 1,700 | 0.05 mi | ||
| Fern Valley Rd | Preston Hwy | 2012 | 1,000 | 0.06 mi |
| Fern Valley Rd | Preston Hwy | 2012 | 28,900 | 0.10 mi |
| Fern Valley Rd | Jeanine Dr | 2012 | 27,700 | 0.19 mi |
| Jeanine Dr | Dellafay Dr | 2010 | 6,086 | 0.29 mi |
| Preston Hwy | Wannsee Dr | 2012 | 22,365 | 0.31 mi |
| Preston Hwy | W Fern Valley Rd | 2012 | 25,551 | 0.31 mi |
| Jeanine Dr | Glen Valley Rd | 2010 | 6,630 | 0.35 mi |
Chicago, IL
Cap Rate 8.35%
Lease NN+
R. Term 14.40 yrs
Size/SF 81,798
Albany, OR
Cap Rate 6.50%
Lease Double NN
R. Term 9.90 yrs
Size/SF 62,100
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
