PetSmart

2428 F Road, Grand Junction, CO 81505

$6,145,000

Cap Rate 6.00%

Views: 21 DOM: 80 Updated: 04.17.24 Posted: 02.27.24 Status: Active

Summary

Price $6,145,000	Built/Renov 1998	Tenant PetSmart
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corp Rated
Size/SF 26,045	Lease Start 04-01-1999	#Units 1,670
Price/SF $235.94	Expiration 04-30-2029	Tenant Type General Retail
NOI $368,987	R. Term 4.11	Ownership Fee Simple
Rent/SF $14.17	Increases 10.0%/5/yrs	Pop 5Mi 67,117
Lot/AC 2.42	Options 5/5yrs/10%	AHHI 5Mi $100,738

Lease Highlights

PetSmart has been operating in this location since 1999
The tenant has 5+ years remaining on the current lease term with 5 (5-year) options to extend
The lease features 10% rental escalations at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

PetSmart is strategically located at the signalized, hard corner intersection of Patterson Road and Mesa Mall North with access to 31,913 vehicles passing by daily. Situated directly opposite the super-regional Mesa Mall, it shares proximity with anchor tenants like Target, HomeGoods, Dick’s Sporting Goods, Cabela’s, Dillard’s, JOANN, and more. The 5-mile trade area is supported by a...

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Key Features

Signalized intersection
In location for years
Dense retail corridor
Near major nationals
Affluent AHHI $100K 5 Mi
Long operation history
Absolute NNN
Limited competition
Corporate Guarantee
Credit rated company

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Links

PetSmart Wikipedia PetSmart Wikipedia Grand Junction, Colorado Zip Code 81505 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: PetSmart
Guarantor:Corp Rated
Company:PetSmart, LLC
# Units:1,670
Tenant S&P: B+
Moody’s: B1
Stock:Private

About Tenant

PetSmart Inc. is the largest pet supply company (by store count) in North America, operating a chain of pet superstores and an e-commerce platform. PetSmart offers more pet services and products...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,095	13,707	33,622
2023 Total Population :	3,099	13,555	32,993
2023 Employed Civilian Pop :	1,420	6,390	16,617
2023 Total Businesses :	51	713	2,139
2023 Average Household Income :	$ 130,674	$ 143,853	$ 124,114
2023 Total Consumer Spending :	$ 139 M	$ 657 M	$ 1447 M
2023 Median Age :	52	53	48
2023 Total Households :	1,268	5,420	13,667
2023 Pop Age 25+: Bachelor's Degree :	703	3,600	7,659
2023 Average Home Value :	$ 571,456	$ 581,295	$ 534,545

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Broadway	Panorama Dr	2008	7,600	0.19 mi
Broadway	Panorama Dr	2022	7,100	0.23 mi
Broadway	Gummere Rd	2021	7,182	0.25 mi
20.75	Broadway	2019	1,100	0.48 mi
Broadway	20 3/4 Rd	2021	5,377	0.51 mi
E.75	E 3/4 Rd	2019	1,100	0.54 mi
Broadway	Rio Hondo Rd	2022	11,000	0.56 mi
Broadway	Ferree Dr	2022	5,300	0.60 mi
20 1/2 Road	S Broadway	2021	1,050	0.86 mi
20.50 RD	Lost Ball Ct	2019	1,300	1.00 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6881 Views
40 Sold

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7466 Views
42 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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