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Casselberry, FL - Petsmart

$5,316,000

4510 S US Hwy 17/92, Casselberry, FL 32707

Active
Last Updated: 10/22/2024

6

Cap Rate

318,971

NOI

Details:
Cap Rate:    6%
NOI:    $318,971
Building Size:    25,464 sqft
Lot Area:    2.7 acres
Occupancy:    100%
Year Built:    1994
Year Last Renovated:    1995
Description:

• PetSmart has successfully operated at this location for 30-years and has 8+ years remaining on their lease with 4 (5-year) options to extend
• This corporate signed lease features 7.5% rental increases at the beginning of each option period
• PetSmart operates more than 1,670 pet stores in the United States, Canada and Puerto Rico, as well as more than 200 in-store PetSmart PetsHotel® dog and cat boarding facilities

• The asset is located along US Hwy 17 92 averaging 66,000 VPD
• PetSmart is part of a larger development that features Target, Taco Bell, Steak ‘n Shake, and more
• Tenant synergy within the shopping center will promote crossover store exposure to the subject site
• US Hwy 17 is a strong retail thoroughfare with several national tenants such as The Home Depot, Publix, Lowe’s, Floor & Decor, and more

Map:
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