Petsmart 34900 Monterey Ave 23,456 SF Retail Building Palm Desert, CA 92211 $11,411,646 CAD ($486.51 CAD/SF) 5.95% Cap Rate

Excellent NNN investment opportunity. This single tenant building has been occupied by Pet Smart since it was built in 2007. Located in the Desert Gateway shopping center of Palm Desert California, this building shares center traffic with several national retailers including: Walmart Super Center, Kohls, Sam's Club, and Panera. Also in close proximity are Lowes, and Costco. The current Lease runs through March 2028, and features three 5-year renewal options. Palm Desert has a population of 112,390 within a 5-mile radius, and the average annual household income is $103,481.00. PetSmart Inc. is a privately held American chain of pet superstores, which sell pet products, services, and small pets. It was founded in 1986, and as of March 2023, has 1,665 locations across North America. In 2024 Pet Smart’s annual sales were nearly $10 billion. Banfield Pet Hospital is a fully functioning veterinary clinic, also located inside this Pet Smart, in addition to their full service grooming center.