Pompano Beach, FL - K9 Resorts

Description:

• K-9 is operating under an Abs. NNN 10-year lease with 2 (5-year) options to extend
• The lease features 2.50% annual rent increases throughout the initial term and during options to extend
• Recommended by numerous pet professionals and several major publications, K9 Resorts is proud to lead the way in the pet hospitality industry with 170+ locations
• The tenant spent ~$5M on building improvements

• Located at the signalized, hard corner intersection of N Federal Highway and NE 19th Ct averaging combined 59,900 VPD
• N Federal Highway / U.S. 1 is a major north–south United States highway
• Adjacent to Venetian Isle Shopping Center, anchored by Publix, which ranks in the 78th percentile (2,501 out of 11,387) of all nationwide neighborhood centers via Placer.ai
• The surrounding retailers include Staples, Michaels, Bealls, Walgreens, and more