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PETSMART "MASTER TENANT"
6TH AVENUE ELECTRONICS "SUBLEASE"
TRAFFIC LIGHT CORNER OF RT. 10 & OKNER PARKWAY
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Lease |
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Lease Term |
20 Years |
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Lease |
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Commencement |
7/1/1995 |
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Lease |
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Expiration |
6/30/2015 |
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Options |
2 5-Year |
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Renewal |
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Terms |
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Net Operating Income |
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Current |
$470,628 |
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Renewal 1 |
$574,166 |
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Renewal 2 |
$700,483 |
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Property |
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18,178 sf Free Standing |
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Retail Building |
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POSSIBLE EXPANSION OF |
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BUILDING & PARKING AREA |
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2.20 Acres Of Land |
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75 Car Parking |
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Asking Price |
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$5,900,000 |
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Cap Rate 8.0% |
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Assumable Mortgage |
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Tenant |
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PetSmart, Inc., the nation’s |
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largest specialty retailer with |
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over 1,100 stores, a net worth |
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of more than $1.1 Billion, and is |
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traded on the Nasdaq as PETM. |
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PetSmart sublets the space |
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to 6th Avenue Electronics. |
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The property is located 1/2-mile |
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west of Route 10 and Okner |
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Parkway. Retailers in the area |
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include Home Depot, Toys R Us, |
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BestBuy, Dick’s Sporting Goods, |
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Friday’s,Thomasville Furniture, |
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as well as numerous national, |
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regional, and local tenants. |
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| Demographics |
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1 Mile |
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3 Miles |
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5 Miles |
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Population |
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4,379 |
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47,526 |
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147,523 |
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Daytime Population |
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5,056 |
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48,872 |
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118,298 |
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Households |
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1,463 |
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16,937 |
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54,605 |
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Avg. Household Income |
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$149,137 |
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$139,513 |
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$144,334 |
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Click here to view Market Aerial
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Click here to view Location Map
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 Download Brochure |
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| For More Information Contact |
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Lew Finkelstein 201.703.9700 ext.
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All information is from sources deemed reliable and is submitted subject to errors, omissions, change of price, terms, rental, prior sale, and withdrawal without notice. |
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