Confidentiality Agreement

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PetSmart

1814 N Lecanto Hwy, Lecanto, FL , 34461
For Sale

Property Details

  • Price: $4,533,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.00%
  • Lot Size: 2.29 AC
  • Lease Type: Absolute NNN
  • Lease Term: 10 years
  • Year Built: 2024
  • Parking: 104
  • Tenancy: Single Tenant
  • Available SF: 16,000 SF

Property Description

SECURE INCOME STREAM

  • Brand New 10-Year Lease – Minimal Landlord Responsibilities
  • 2024 Block Construction – Latest Prototype Design
  • Corporate Guaranteed Lease – PetSmart, LLC operates 1,660+ Locations, Rated ‘B+’ by Standard and Poor’s
  • PetSmart is the Largest Pet Store Chain in North America – $9.7 Billion Revenue in 2023
  • Pet Industry to Grow from $320 Billion to $500 Billion by 2030 – according to Bloomberg, U.S. to remain the largest pet market

PROXIMITY

  • Shadow-Anchored by Walmart Supercenter – additional tenants include McDonald’s, PetSmart, Glory Days, Arby’s, Panda Express and
    Mavis Tires
  • Excellent Access and Visibility to 41,540 VPD – across from brand new Target and Aldi anchored center
  • 70,809 Residents in Growing Trade Area – with an average household income of $73,295
  • Surrounded by Thousands of Residential Homes – Black Diamond Ranch (750 Units), Terra Vista (2,045 Units) and Brentwood Farms
    (600+ Units)
  • Near Entrance to Suncoast Parkway Phase 2 – will be completed in 2026 to serve future increases in traffic due to growth and
    development
  • Additional Planned Nearby Developments Include – Lecanto Preserve (930 Units), Amber Ridge (982 Single Family Homes / 155
    Townhomes / 300 Multi-Family Units), and Davis Preserve (400 Unit Villa Development)

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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