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PetSuites 4405 Front Nine Dr 14,000 SF Retail Building Cumming, GA 30041 $5,609,000 ($400.64/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- GREAT DEMOGRAPHICS IN AFFLUENT GEORGIA SUBMARKET
- ATTRACTIVE LEASE FUNDAMENTALS
- POSITIONED AT A HARDCORNER
EXECUTIVE SUMMARY
ATTRACTIVE LEASE FUNDAMENTALS
- Long term 20 year lease with 14 years remaining in the initial term
- Abs. NNN lease providing zero landlord responsibilities
- Five (5) five (5) extensions remaining with 10% increases every 5 years
CORPORATE GUARANTEE
- With over 94 locations Petsuites of America is a fast-growing brand that is looking to open locations across the southeast and the Triad NC
- One of the few veterinary locations with a corporate guarantee providing a safe investment
GREAT DEMOGRAPHICS IN AFFLUENT GEORGIA SUBMARKET
- Within a 3-mile radius of the site the AHHI exceeds $200K providing discretionary spending
- Within a 3-mile radius of the site are more than 53K people who might bring their pet into a petsuite
- Within a 1-mile radius of the site are more than 3,300 households
NEARBY MARKET DRIVERS
- Located across the street from the site is the Carrington Academy of Cumming, GA
- With over 250 students and more than 15K houses surround the site in a 3 mile radius
- The Petsuites is within the Windermere community of Cumming, GA which has over 75K residents in a resort style community
POSITIONED AT A HARDCORNER
- Site is located at the lighted intersection of Windermere Pkwy (17.3K VPD) and Cumming Hwy (42.4K VPD)
- Petsuites benefits from easy access from the lighted intersection as well as the high traffic count from these two commuter routes
HIGH GROWTH ATLANTA, GA TAILWINDS
- The Petsuites is located in the Atlanta, GA MSA, as the 8th largest U.S. metro, Atlanta has over 6.2 million residents and continues to expand
- Home to 13+ Fortune 500 companies, the region’s economic strength drives demand for retail
- Long term 20 year lease with 14 years remaining in the initial term
- Abs. NNN lease providing zero landlord responsibilities
- Five (5) five (5) extensions remaining with 10% increases every 5 years
CORPORATE GUARANTEE
- With over 94 locations Petsuites of America is a fast-growing brand that is looking to open locations across the southeast and the Triad NC
- One of the few veterinary locations with a corporate guarantee providing a safe investment
GREAT DEMOGRAPHICS IN AFFLUENT GEORGIA SUBMARKET
- Within a 3-mile radius of the site the AHHI exceeds $200K providing discretionary spending
- Within a 3-mile radius of the site are more than 53K people who might bring their pet into a petsuite
- Within a 1-mile radius of the site are more than 3,300 households
NEARBY MARKET DRIVERS
- Located across the street from the site is the Carrington Academy of Cumming, GA
- With over 250 students and more than 15K houses surround the site in a 3 mile radius
- The Petsuites is within the Windermere community of Cumming, GA which has over 75K residents in a resort style community
POSITIONED AT A HARDCORNER
- Site is located at the lighted intersection of Windermere Pkwy (17.3K VPD) and Cumming Hwy (42.4K VPD)
- Petsuites benefits from easy access from the lighted intersection as well as the high traffic count from these two commuter routes
HIGH GROWTH ATLANTA, GA TAILWINDS
- The Petsuites is located in the Atlanta, GA MSA, as the 8th largest U.S. metro, Atlanta has over 6.2 million residents and continues to expand
- Home to 13+ Fortune 500 companies, the region’s economic strength drives demand for retail
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,000 SF
Building Class
B
Year Built
2019
Price
$5,609,000
Price Per SF
$400.64
Cap Rate
6.65%
NOI
$373,035
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.67 AC
Zoning
C3 - Commercial
Parking
50 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
205’ on Windemere Pky
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- -
- $24.22
- Triple Net
- May 2039
For 20 years, PetSuites has been the leader of the pack in pet resorts offering exceptional services for both dogs and cats, ranging from boarding and daycare to grooming and training. Our trusted team of professionals delivers memorable experiences with personalized service to meet the unique needs of each pet and Pet Parent in fun, convenient, and modern spaces. We offer premium amenities including large, open indoor and outdoor play yards, in-ground pools, and unique play structures. PetSuites is a loving and fun home away from home for your pet.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | - | $24.22 | Triple Net | May 2039 |
PROPERTY TAXES
| Parcel Number | 177-544 | Improvements Assessment | $1,575,152 |
| Land Assessment | $264,528 | Total Assessment | $1,839,680 |
PROPERTY TAXES
Parcel Number
177-544
Land Assessment
$264,528
Improvements Assessment
$1,575,152
Total Assessment
$1,839,680
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PetSuites | 4405 Front Nine Dr
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