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DOM: 149 Updated: 09.24.24 Posted: 05.14.24 Status: Sold 10.10.24

Summary

Price $2,455,000
Built/Renov 1976/2022
Tenant Dogtopia
Cap Rate 7.00%
Lease Type Double NN
Guarantor Franchisee
Size/SF 5,729
Lease Start 07-22-2022
#Units 1
Price/SF $461.51
Expiration 07-31-2034
Tenant Type General Retail
NOI $171,870
R. Term 9.1
Ownership Fee Simple
Rent/SF $30.00
Increases 2.0%/1/yrs
Pop 5Mi 412,686
Lot/AC 0.35
Options 2/5yrs/2%
AHHI 5Mi $90,506

Highlights

  • Dogtopia has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Lease guaranteed by Surfing Pup, LLC

Location Description

Dogtopia is strategically located at the signalized, hard corner intersection of North 7th Street and East Rose Lane, with access to a combined daily traffic count of 33,100 vehicles. The property enjoys a central location in close proximity to Downtown Phoenix and Phoenix Sky Harbor International Airport. Additionally, it is within a 1-mile radius of Uptown Farmers' Market, Christown...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dogtopia
  • Guarantor:Franchisee
  • Company:Surfing Pup, LLC
  • # Units:1
  • Stock:Private

About Tenant

Dogtopia Enterprises, dba Dogtopia is North America’s leading dog daycare, boarding, and spa services provider, offering an experience focused on wellness, quality of care, safety, and...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 16,997 160,270 415,834
2024 Total Population : 16,572 156,549 406,670
2024 Employed Civilian Pop : 9,568 88,808 217,781
2024 Total Businesses : 999 8,631 19,147
2024 Average Household Income : $ 148,728 $ 113,828 $ 105,102
2024 Total Consumer Spending : $ 1040 M $ 7311 M $ 15744 M
2024 Median Age : 42 38 36
2024 Total Households : 8,060 73,143 169,879
2024 Pop Age 25+: Bachelor's Degree : 4,130 31,256 65,254
2024 Average Home Value : $ 715,637 $ 616,366 $ 578,646
*ESRI data is presented for informational purposes only

Listing Broker

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