* Dominant Pet Retailer, Corporate Tenancy – Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) is a leading pet specialty retailer, operating ±1,500 locations throughout the United States, Puerto Rico, and Mexico. Petco has a market cap of ±$903 million and annual revenue of ±$6 billion
* Brand New 12 Year Lease Extension – Petco recently executed a brand new 12-year NNN lease extension (expiring October 2037), with three additional 5-year renewal options, demonstrating the tenant’s strength and commitment to this location
* Strong Operating History – Petco has operated at the property since 2005 (over 20 years!), reflecting a proven track record of stability, customer demand, and successful operations at this location
* Complimentary Co-Tenancy & Grocer Shadow Anchor – Petco benefits from a synergistic and high-quality mix of co-tenants, including Smart & Final Extra!, Applebee’s, Edward Jones, and more, producing a consistent daytime and evening draw to the center
* Dominant Retail Hub Location – Situated directly along W Florida Ave (±41,800 CPD), Hemet’s most dominant retail street, and hub in the immediate trade area, proving the viability of Petco as a retail property and location. In addition to the co-tenants within the shopping center, adjacent retailers include The Home Depot, Target, Lowe’s, Ross Dress for Less, Stater Bros., In-N-Out Burger, Sprouts, Grocery Outlet, Raising Cane’s, McDonald’s, Vallarta Supermarkets, El Pollo Loco, and many other national and regional retailers – this is THE location for retail!