7210-7240 E Point Douglas Rd S 112,801 SF 100% Leased Retail Building Cottage Grove, MN 55016 $23,537,520 CAD ($208.66 CAD/SF) 7.78% Cap Rate

PetSmart is a North American pet products and services retailer founded in 1986 by Jim Dougherty and Janice Dougherty in Phoenix, Arizona. Originally established as PetFood Warehouse, the business pioneered the pet superstore format and expanded rapidly across the United States and Canada. Today, PetSmart is one of the largest pet-focused retail operators in North America and operates as a privately owned company. The company specialises in the sale of pet food, pet supplies, accessories, and animal care products alongside a broad range of pet-related services. Its operating model combines large-format retail stores with grooming services, dog training, pet boarding, day care, adoption services, and veterinary services provided through in-store partnerships. The business also maintains an e-commerce platform serving consumers across North America. PetSmart's operations are concentrated across the United States and Canada, where it maintains a nationwide network of approximately 1,650 stores. The company's real estate footprint is typically focused on large-format retail units within regional shopping centres, power centres, and retail parks anchored by major national retailers. Its portfolio consists predominantly of pet retail stores and associated service facilities. The company serves individual pet owners across a broad range of customer demographics seeking products and services for dogs, cats, fish, birds, reptiles, and small animals. Additional customers include pet adoption organisations and veterinary service providers operating within the PetSmart platform. Recent activity has been centred on continued investment in omni-channel retailing, pet healthcare services, grooming, boarding, and digital commerce capabilities. The company remains one of North America's largest pet care retailers and continues to operate under private ownership backed by institutional investors, including BC Partners.