Pet Supermarket – Hickory, NC

Investment Highlights

• Long Term NN Lease with Two 5yr Options
• Scheduled Rent Increases
• Landlord Only Responsible for Roof & Structure
• Outparcel to Grocery Anchored Shopping Center
• Dense Retail Trade Area
• Pet Supermarket Merged with Pet Value Creating 3rd Largest Pet Retailer (Pet Retail Brands)
• $300,000 Remodel in 2017
• New HVAC Units, Landscaping, & Parking Lot
• Pet Retail Brands has over 930+ Retail Location
• Pet Retail Brands Sells More Than 10,000 Pet Care Products
• Retail Website (www.petsupermarket.com)

Offering Summary

  • Price: $1,750,000
  • CAP: 7.00%
  • Pro Forma 2023 Cap: 7.67%
  • Lease Expiration: 2028
  • GLA: 6,500 SF
  • Site Area: .98 Acres

 

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