Available For Sale - Retail

14,240 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
14,240 SF
Price/SF
Show Pricing $
Listing ID
SA448779
Notes
PROPERTY TOUR:

https://www.youtube.com/watch?v=...



VITAL DATA

Price $5,158,000

Cap Rate 6.00%

Gross Leasable Area 14,240 Sq. Ft.

Lot Size 1.95 +/- Acres

Year Built 2020

Construction Type Brick and Stone Masonry



INVESTMENT HIGHLIGHTS:

» Subject is Currently Under Construction, Proposed to be 14,240-Square-Feet of Gross Leasable Area on a 1.95-Acre Lot, with Rent Commencement Projected

December 2020

» Tenant PetSuites of America is Owned by National

Veterinary Associates, Inc., NVA Was Purchased in

2019 by JAB Holding Co. | JAB Holding Has a Credit

Rating of A- by S&P

» Absolute NNN Lease with 20 Years Base Term and

CPI Increases | Zero Landlord Responsiblity

Pet Suites of America Has Over 30 Locations

Nationally, Owned by National Veterinary Associates

with Over 600 +/- Locations

» Animal Adoption Through Q2 in 2020 is at Record

Highs | An Estimated $99 Billion Will be Spent on

Pets in the U.S. in 2020, Up From $95.7 Billion in

2019 (Source: AmericanPetProducts.org)

» E-Commerce Resistant: PetSuites is Entirely Service- Based, Not Dependent Upon the Sale of any Pet Supplies or Soft Goods

» Property is Situated Along 5-Lane State Highway 150 (37,000 VPD) Only One Mile off of Interstate 459

(81,000) and Five Miles from the I-65 Interchange

(128,000 VPD) (Source: ALDOTgis.state.al.us)

» Surrounding Retailers Include CVS/Pharmacy,

Walgreen’s, Starbucks, The Grove Shopping Mall, a

Target-Anchored Center with Marshalls, Dollar Tree,

Kohl’s, At Home, Chick-fil-A, Among Many Others

» PetSuites of America, a Growing National Pet Resort, Spa, and Daycare Chain, Specializes in the Boarding and Grooming of Dogs and Cats. They Currently Have 38 Locations in 12 States Throughout the U.S.

» Subject is Located Five Miles from Bessemer

Municipal Airport and Twenty Miles from Birmingham

International Airport with Three Million Travelers

Annually (Source: FlyBirmingham.com)

» Sixty-Seven Percent, or 84.6 Million of U.S.

Households Own a Pet (Source: AmericanPetProducts. org)

» Populated by 4,417 People and 1,600 Households

Within a One-Mile Radius with an Average Household Income of $142,000

» Over 87,390 People and 33,850 Households Within a Five-Mile Radius with an Average Household Income Over $107,230
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jesse Limon, Marcus & Millichap - NYC