Petco (Overland Park, KS)

22000
Commercial
Image Two
Standard Sale $6,500,000

Details

 

NNN Lease to Petco Animal Supplies for +3 years left on base term
March 14, 2005 to March 31, 2019, at a current net base rate of $423,423.
Petco recently exercised their first option early at an NOI of $374,000 while
still having (3) five-year options after 2024. This leaves +8 years left on intial term.

Toys R Us originally occupied this space with one of their Kids R Us locations. When they decided to close the store they sold it off and created a pre-paid ground lease to make the transaction easier. There no payments due for
the ground lease. Right of First refusal to buys adjacent Toys R US is included in the sale.

General Features

Overland Park, Kansas
1985

Contact

Kelton Group
9301 Wilshire Blvd Suite 610, Beverly Hills, CA 90210

Log In or Sign Up

Forgot your password? / Forgot your username?