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PetSuites 4405 Front Nine Dr 14,000 SF Retail Building Cumming, GA 30041 $7,796,454 CAD ($556.89 CAD/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- GREAT DEMOGRAPHICS IN AFFLUENT GEORGIA SUBMARKET
- ATTRACTIVE LEASE FUNDAMENTALS
- POSITIONED AT A HARDCORNER
EXECUTIVE SUMMARY
- 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
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- -
- $33.67 CAD
- Triple Net
- May 2039
Depuis 20 ans, PetSuites est le chef de file dans les centres de villégiature pour animaux de compagnie offrant des services exceptionnels pour chiens et chats, allant de la pension et de la garderie au toilettage et à la formation. Notre équipe de professionnels de confiance offre des expériences mémorables avec un service personnalisé pour répondre aux besoins uniques de chaque animal de compagnie et parent dans des espaces amusants, pratiques et modernes. Nous offrons des équipements haut de gamme, y compris de grandes aires de jeux intérieures et extérieures ouvertes, des piscines creusées et des structures de jeux uniques. PetSuites est une maison aimante et amusante loin de la maison pour votre animal de compagnie.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | - | $33.67 CAD | Triple Net | May 2039 |
PROPERTY TAXES
| Parcel Number | 177-544 | Improvements Assessment | $2,189,445 CAD |
| Land Assessment | $367,691 CAD | Total Assessment | $2,557,137 CAD |
PROPERTY TAXES
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PetSuites | 4405 Front Nine Dr
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