Miscellaneous
PetSmart – 30 Year Operating History w/ Recent Option Extension
12375 SW Walker Rd, Beaverton, OR 97005
Listing Price: $7,990,629
Cap Rate
6.75%
Tenant Name
PetSmart
Years Remaining On Lease
6.3
Guarantor
Corporate Guarantee
Rentable SF
25,000
Lease Type
Absolute Net
Rent Per Square Feet
$21.57
Investment Overview
12375 SW Walker Road, Beaverton, OR
PetSmart – 30 Year Operating History w/ Recent Option Extension
Investment Highlights
- ABSOLUTE-NET LEASE | ZERO LANDLORD RESPONSIBILITIES: Lease Structured On An Absolute-NNN Basis; Tenant Responsible For All Expenses Including Roof, Structure And Real Estate Taxes.
- CORPORATE GUARANTEE BY A LEADING PET-RETAIL BRAND: Tenant: PetSmart – U.S. National Leader In Pet Supplies, Services And Grooming.
- BUILDING / SITE SPECIFICATIONS | 25,000 SF ON 3.16 ACRE PAD: Constructed In 1996, The Fully-Leased 25,000 Sq. Ft. Big-Box Building Sits On A 3.16-Acre Land Parcel, Providing Size and Scale.
- PRIME RETAIL LOCATION IN BEAVERTON SUBMARKET: Situated At 12375 SW Walker Road, Beaverton, OR, Within A Densely Trafficked Regional Retail Node; Serves Strong Population Bases (Approx. 13,586 Within 1 mile; 139,480 Within 3 miles; 362,123 Within 5 miles).
- DEMOGRAPHICS & HOUSEHOLD AFFLUENCE: Average Household Income Within 3-Mile Ring Is Approx. $115k; Within 5-Mile Ring Approx. $126k, Supporting Quality Retail Demand.
- RETAIL CATEGORY WITH RESILIENCE | PET CARE & SERVICES: The Pet-Care Industry Remains Resilient And Often Counter-Cyclical To Broader Retail Trends, Providing Defensive Characteristics For The Investment.
- LONG-TERM GROWTH POTENTIAL VIA LEASE ESCALATIONS: Lease Provides ~10% Rent Increases Every Five Years, Generating Contractual Growth Built Into The Income Stream.
Exclusively Listed By
Broker of Record
Miscellaneous
PetSmart – 30 Year Operating History w/ Recent Option Extension
Listing Price: $7,990,629
Cap Rate
6.75%
Tenant Name
PetSmart
Years Remaining On Lease
6.3
Guarantor
Corporate Guarantee
Rentable SF
25,000
Lease Type
Absolute Net
Rent Per Square Feet
$21.57
Investment Highlights
- ABSOLUTE-NET LEASE | ZERO LANDLORD RESPONSIBILITIES: Lease Structured On An Absolute-NNN Basis; Tenant Responsible For All Expenses Including Roof, Structure And Real Estate Taxes.
- CORPORATE GUARANTEE BY A LEADING PET-RETAIL BRAND: Tenant: PetSmart – U.S. National Leader In Pet Supplies, Services And Grooming.
- BUILDING / SITE SPECIFICATIONS | 25,000 SF ON 3.16 ACRE PAD: Constructed In 1996, The Fully-Leased 25,000 Sq. Ft. Big-Box Building Sits On A 3.16-Acre Land Parcel, Providing Size and Scale.
- PRIME RETAIL LOCATION IN BEAVERTON SUBMARKET: Situated At 12375 SW Walker Road, Beaverton, OR, Within A Densely Trafficked Regional Retail Node; Serves Strong Population Bases (Approx. 13,586 Within 1 mile; 139,480 Within 3 miles; 362,123 Within 5 miles).
- DEMOGRAPHICS & HOUSEHOLD AFFLUENCE: Average Household Income Within 3-Mile Ring Is Approx. $115k; Within 5-Mile Ring Approx. $126k, Supporting Quality Retail Demand.
- RETAIL CATEGORY WITH RESILIENCE | PET CARE & SERVICES: The Pet-Care Industry Remains Resilient And Often Counter-Cyclical To Broader Retail Trends, Providing Defensive Characteristics For The Investment.
- LONG-TERM GROWTH POTENTIAL VIA LEASE ESCALATIONS: Lease Provides ~10% Rent Increases Every Five Years, Generating Contractual Growth Built Into The Income Stream.
Investment Overview
12375 SW Walker Road, Beaverton, OR
Exclusively Listed By
Broker of Record
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