OFFERING PRICE:
$2,718,000

CAP RATE:
7.35%
FEATURED LISTING:
PETSMART
AT FLORIN TOWNE CENTRE
6081 Florin Rd, Sacramento, CA
INVESTMENT HIGHLIGHTS
 
•
 		 High Credit SNTL – 100% leased to PetSmart on a long-term, corporate lease
 
» PetSmart operates 1,800 stores and has a reported revenue of approximately ±$8 billion, up 14% year over year
 
• Internet Resistant Tenancy – This PetSmart location features a Banfield Pet Hospital, which draws customers and pets to the store and enhances daily trips to the property
 
•

 		 Recent Lease Extension – Due to strong sales performance at this location, PetSmart recently exercised its option to renew its lease, TWO years ahead of its expiration, creating a long-term, 7-year lease with two, 5-year options to extend
 
• NNN Expense Pass Through – PetSmart is on a NNN lease and includes a 5% administrative fee recapture – common area costs reside with the tenant, not the landlord creating a perfect “coupon clipper”
 
• Regional Draw – PetSmart is located in the dominant community center and shadow anchored by a high-performing Walmart Super Center (NAP), 24 Hour Fitness (NAP) and AutoZone (NAP) along with a synergistic mix of “daily needs” tenants


CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST
MEGAN WOOD
+1 949 725 8423
Lic. 01516027
[email protected]		 JAMES TYRRELL
+1 949 725 8473
Lic. 02012964
[email protected]		 PHILIP D. VOORHEES
+1 949 725 8521
Lic. 01252096
[email protected] ​



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