{"id":1004,"date":"2020-09-24T15:02:49","date_gmt":"2020-09-24T15:02:49","guid":{"rendered":"http:\/\/www.bouldergroup.com\/blog\/?p=1004"},"modified":"2020-10-07T18:34:52","modified_gmt":"2020-10-07T18:34:52","slug":"net-lease-petco","status":"publish","type":"post","link":"https:\/\/www.bouldergroup.com\/blog\/net-lease-petco\/","title":{"rendered":"Net Lease Petco Property Profile and Cap Rates"},"content":{"rendered":"

Net Lease Petco \u2013 Typical Property and Lease Terms<\/p>\n

 <\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Price Range:<\/td>$3M - $6M<\/td>\n<\/tr>\n
Cap Rate:<\/td>6.25% - 6.75%<\/td>\n<\/tr>\n
Net Income:<\/td>$225,000 - $425,000<\/td>\n<\/tr>\n
Price Per foot:<\/td>$185 PSF - $265 PSF<\/td>\n<\/tr>\n
Building Size:<\/td>18,500 SF - 25,000 SF<\/td>\n<\/tr>\n
Lot Size:<\/td>2.5 Acres<\/td>\n<\/tr>\n
Escalations:<\/td>Flat<\/td>\n<\/tr>\n
Lease Term:<\/td>10 Years<\/td>\n<\/tr>\n
Lease Type:<\/td>NN<\/td>\n<\/tr>\n
Credit Rating:<\/td>B (S&P)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

 <\/p>\n

Tenant Company Information:<\/p>\n

 <\/p>\n

Petco Animal Supplies, Inc., or simply Petco, is an American pet retailer in the United States, with corporate offices in San Diego and San Antonio. Petco sells pet products and services, as well as certain types of live animals. Petco sells and holds fish, reptiles, small birds, hamsters, guinea pigs, and mice for adoption. Pet services include grooming and dog training. The company also owns the naming rights to the Petco Park baseball stadium, which is home of the San Diego Padres.<\/p>\n

As of 2017, the company operates more than 1,500 locations across the United States and Mexico, including more than 85 Unleashed by Petco locations, which is a smaller-format neighborhood brand-launched, spa services, and an online shopping destination at petco.com.[1]<\/p>\n

“Think Adoption First” is a company philosophy and program, which encourages pet adoption rather than the purchase of companion animals whenever possible. Petco was criticized when they were selling large exotic birds in their shops. In 2005, they signed an agreement with PETA to end the sale of large birds.[2] Petco has never sold dogs or cats, and in 2008, the company stopped selling rabbits as well<\/p>\n","protected":false},"excerpt":{"rendered":"

Net Lease Petco \u2013 Typical Property and Lease Terms     Tenant Company Information:   Petco Animal Supplies, Inc., or simply Petco, is an American pet retailer in the United States, with corporate offices in San Diego and San Antonio. Petco sells pet products and services, as well as certain types of live animals. Petco […]<\/p>\n","protected":false},"author":3,"featured_media":1005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[176],"tags":[271],"class_list":["post-1004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cap-rates","tag-net-lease-petco"],"yoast_head":"\nNet Lease Petco Property Profile and Cap Rates - The Boulder Group<\/title>\n<meta name=\"description\" content=\"Net Lease Petco property profile and cap rate information. 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