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Views: 192 DOM: 423 Updated: 10.25.24 Posted: 02.08.24 Status: Active

Summary

Price $5,825,000
Built/Renov 2023
Tenant Petco
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 15,900
Lease Start 03-03-2023
#Units 1,423
Price/SF $366.35
Expiration 03-31-2038
Tenant Type General Retail
NOI $349,413
R. Term 12.12
Ownership Fee Simple
Rent/SF $21.98
Increases 8.5%/5/yrs
Pop 5Mi 25,935
Lot/AC 1.67
Options 5/5yrs/8.5%
AHHI 5Mi $53,981

Lease Highlights

  • Brand-new 2023 construction
  • 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 along US 158 Bypass, with access to 22,757 vehicles passing by daily. The vicinity boasts prominent national tenants such as Walmart, ALDI, Shell, Taco Bell, Tractor Supply Co, and more. Additionally, nearby, there are several car dealerships featuring Chevrolet, Ford, GMC, and others. The 5-mile trade area is supported by a population of 25,935 with an average...

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Maps

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  • 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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Dabney Drive Hwy 158 Byp 2019 4,700 0.04 mi
Ruin Creek Road Gwynn Ln 2018 2,800 0.05 mi
Red Oak Rd Ruin Creek Rd 2000 500 0.14 mi
SR 1303 Allen Rd 2020 5,200 0.22 mi
Dabney Drive N Cooper Dr 2018 12,500 0.25 mi
US Hwy 158 Byp Dabney Dr 2018 8,800 0.26 mi
Ruin Creek Rd 2021 8,500 0.29 mi
US 158 BYP Dabney Dr 2020 7,900 0.30 mi
Medical Center Dr 2021 4,500 0.33 mi
Ross Mill Rd Industry Dr 2004 5,300 0.37 mi

Listing Broker

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Klinton Lewis

Embree

Contact
  • 26 Listings
  • 5355 Views
  • 0 Sold

Klinton Lewis serves as a Director of Brokerage for Embree Capital Markets Group, Inc., where he facilitates the sale of Embree’s current assets, new developments, and private clients’ commercial real estate properties. He also provides investment advice to clients as they evaluate their investment strategies, as well as building new relationships with clients. Prior to joining Embree, Klinton was an Associate with Marcus & Millichap. His responsibilities included developing client relat

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