PetSmart

Tenant Description

As the name would suggest, PetSmart is a leader in the pet products and services industry. It was founded in 1986 and is engaged in the sale of pet animal products and services such grooming, training, and daycare. PetSmart also offers a variety of small animals for sale and adoption such as small birds, fish, hamster, rabbits, etc.

What To Look For When Buying A PetSmart

Can You Re-Tenant The Property If They Leave

What We Like About PetSmart

PetSmart is usually located in high income neighborhoods around strong retail

Competition

PetCo

What Is Sold In A PetSmart

Pet Supplies & Services

PetSmart Website

https://www.petsmart.com/

Corporate Office Location

19601 North 27th Avenue – Phoenix, AZ, 85027.

Fast Facts

PetSmart operates 1,500+ stores and various locations with PetSmart’s PetsHotels, and Doggie Day Camps. 

Stock Price
Tenant News
Average Cap Rate Trend
7.00%
2019
6.75%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Average Sale Price$4,000,000
Avg. Annual Rental Income$260,000
Avg. Price/SF$150/SF
Typical Lease TypeTriple Net
Typical Lease Term10 Years
Typical Lease EscalationsNone
Credit Rating
S & PN/A

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