Petco

12,096 SF | Retail Building | Bellingham, WA 98226 | $6,300,000 ($521/SF) | 5.17% Cap Rate

Asking Price $6,300,000

Property Type: Retail
Square Feet: 12,096 SF
Price / Square Foot: $521

Listing Contacts

Gary Aminoff

Verified Profile

Corky Booze

Verified Profile

Property Info

Property Overview

KW Commercial is pleased to present a corporate net-leased Petco store in Bellingham, Washington. This is an opportunity for an investor to acquire a well-located Petco retail store with an attractive corporate 10-year net lease that features a 10% rental increase starting in the sixth year.

Property Details

Class: C
Year Built/Renovated: 2003/2024
Stories: 1
Property Subtype: Freestanding, Other Retail
Lot Size (sq. ft): 104,108 SF

Highlights

Petco just renewed for an additional ten years, showing strong commitment to the site after having been at the location for 20-years.
The Tenant is Petco Health & Wellness Company, Inc., a public company traded NYSE (“WOOF”). Petco is rated B1 Stable by Moody’s. The corporation has
Petco is committed to spend $150,000+ to update the property starting April 2024
The Petco store at Bakerview Rd and Meridian Street offers an unbeatable combination of exceptional visibility, accessibility, and a prime location i
Petco is across the street from the Bellis Fair Shopping Mall with 94 stores, including JC Penney, Kohls, Macy’s, and Target as major anchors, and sc

Nearby Properties

$2,500,000

Owner-User (Manufacturing) - Vale, NC

82,876 SF | Industrial Building | Vale, NC 28168 | $2,500,000 ($30/SF)

7514 Nc Hwy
Vale, NC 28168

View Details
$1,150,000

5,484 SF | 100% Leased | Industrial Building | North Charleston, SC 29406 | $1,150,000 ($210/SF) | 1% Cap Rate

5639 Pullman Ave
North Charleston, SC 29406

View Details
40,000 SF | Industrial Building | Dahlonega, GA 30533 | For Sale

00 Lumpkin County Pkwy
Dahlonega, GA 30533

View Details
University Crossing Office Building

6,926 SF Office Condo Unit in Dayton, OH 45417

1435 Cincinnati St
Dayton, OH 45417

View Details
Dallas MSA

2.8 Acres of Commercial Land in Dallas, TX 75243

9200 Markville Dr
Dallas, TX 75243

View Details
$1,825,000

Entenmann's Bakery Outlet

8,160 SF | Retail Building | Lakeland, FL 33801 | $1,825,000 ($224/SF)

3354 Us Highway 92
Lakeland, FL 33801

View Details
$422,093

0.57 Acres of Commercial Land Offered at $422,093 USD in Broken Arrow, OK 74012

850 Msn Ave
Broken Arrow, OK 74012

View Details

Similar Properties

$6,300,000

Northside Square Office

49,944 SF | 100% Leased | Office Building | Clearwater, FL 33761 | $6,300,000 ($126/SF) | 9.40% Cap Rate

29399 Us Highway 19
Clearwater, FL 33761

View Details
$6,300,000

West Building

39,532 SF | 100% Leased | Office Building | Lindon, UT 84042 | $6,300,000 ($159/SF) | 8.03% Cap Rate

387 520
Lindon, UT 84042

View Details
$6,300,000

21,482 SF | Office Building | Visalia, CA 93277 | $6,300,000 ($293/SF)

649 County Center Dr
Visalia, CA 93277

View Details
$6,300,000

11,400 SF | Vacant | Retail Building | Rogers, AR 72758 | $6,300,000 ($553/SF)

5400 Pinnacle Hills Pkwy
Rogers, AR 72758

View Details
$6,300,000

Red Lobster

7,942 SF | Retail Building | Merrillville, IN 46410 | $6,300,000 ($793/SF) | 7% Cap Rate

1450 82Nd Ave
Merrillville, IN 46410

View Details
$6,300,000

Turn-Key 1980's Built - Prime Hawthorne!

20 Unit Apartment Building | $6,300,000 ($315,000/Unit) | 4.77% Cap Rate | Hawthorne, CA 90250

4453-4465 138Th St
Hawthorne, CA 90250

View Details
$6,300,000

105,000 SF | Industrial Building | Harlingen, TX 78550 | $6,300,000 ($60/SF) | 8% Cap Rate

25645 Fm 106
Harlingen, TX 78550

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].