Log In/Sign Up
Your email has been sent.
PETSMART 4151 Turtle Creek Dr 21,712 SF Retail Building Coral Springs, FL 33067 $6,900,000 ($317.80/SF) 5.95% Cap Rate
EXECUTIVE SUMMARY
This NNN lease has a Corporate Guaranty. PETSMART has occupied this location since 2005 and showing its commitment to the location, PETSMART recently exercised the second 5-year option extension. The initial lease term was 15-years with three 5-year options. Now, with the extension of the first two option periods, the current lease expires January 31, 2031. There is one additional (five year) option to renew with a rent increase. PETSMART had a new roof installed in 2020 with a 20-year Warranty.
PROPERTY LOCATION OFFERS EXCELLENT FUTURE REDEVELOPMENT OPPORTUNITIES WHILE OWNER RECEIVES FULLY NET HIGH RETURN ON INVESTMENT.
PROPERTY LOCATION OFFERS EXCELLENT FUTURE REDEVELOPMENT OPPORTUNITIES WHILE OWNER RECEIVES FULLY NET HIGH RETURN ON INVESTMENT.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,712 SF
Building Class
C
Year Built
2005
Price
$6,900,000
Price Per SF
$317.80
Cap Rate
5.95%
NOI
$410,801
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.07
Lot Size
7.28 AC
Zoning
SU
Parking
68 Spaces (3.56 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 48-41-13-01-2554 | Improvements Assessment | $3,359,470 |
| Land Assessment | $1,093,730 | Total Assessment | $4,453,200 |
PROPERTY TAXES
Parcel Number
48-41-13-01-2554
Land Assessment
$1,093,730
Improvements Assessment
$3,359,470
Total Assessment
$4,453,200
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Jenkins Realty, Inc.
PETSMART | 4151 Turtle Creek Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.