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Petco, Cameron Park, CA

Petco

CA, USA

Price $2,700,000
Cap Rate
NOI
Lease Term 10 Years, with 5 Years Remaining
Lease Type Net, with Tenant Responsible for Taxes, Insurance, Utilities, and Maintenance, Excluding Roof, Structure, and Foundation
Rental Increases Rent Increases of $1 Per Square Foot Per Year in Option Periods
Year Built 2013
Building Size 10,200 SF
Lot Size 0.91 (39,683 SF)
Status Sold
Lead Broker Information Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

CORPORATE NET LEASE TO WELL-KNOWN NATIONAL TENANT
» Tenant responsible for taxes, insurance, utilities, and maintenance, excluding roof, structure, and foundation
» Rent increases of $1 per square foot per year at the beginning of each option period
» Petco is a well-known brand, with more than 1,500 locations across the United States, Mexico, and Puerto Rico
» Petco is included in Forbes’ list of “America’s Largest Private Companies”

HIGH-TRAFFIC LOCATION IN PROMINENT RETAIL CENTER WITH FREEWAY-VISIBLE SIGNAGE
» Located at the western Palmer Drive entrance to Goldorado Center, just off of the signalized intersection of Palmer Drive and Cameron Park Drive, which experiences a traffic count of 23,346 vehicles per day
» Goldorado Center is located immediately off of U.S. Highway 50, the region’s primary transportation corridor, with excellent access and visibility—including prominent, freeway-visible signage—to 66,700 vehicles per day
» Anchored by Bel Air and CVS and features major national tenants like AutoZone, GNC, Wells Fargo, Anytime Fitness, Jiffy Lube, Subway, and more
» Goldorado Center is the only center in the region that is anchored by both a grocery store and a drugstore and attracts customers from a significantly wide area, including Cameron Park and the neighboring communities of El Dorado Hills, Shingle Springs, and Placerville

NEAR MAJOR COMMUNITY AMENITIES AND TOURIST ATTRACTIONS
» Adjacent to Marshall Medical Center, which features a wide variety of outpatient facilities at its Cameron Park complex
» Near Cameron Airpark and Ponderosa High School (1,818 students)
» Minutes from award-winning Red Hawk Casino

LOCATED IN AFFLUENT MARKET WITH STRONG DEMOGRAPHICS
» Extremely high average household income of $125,358 within a five-mile radius
» Average household incomes exceed $100,000 within one- and three-mile radii
» El Dorado County’s median household income is over 15% higher than the state average
» El Dorado County is among the wealthiest counties in California


Property Description

The property is conveniently located at the western Palmer Drive entrance to Goldorado Center, just off of the signalized intersection of Palmer Drive and Cameron Park Drive, which experiences a traffic count of 23,346 vehicles per day. Goldorado Center is located immediately off of U.S. Highway 50, the region’s primary transportation corridor, with excellent access and visibility—including prominent, freeway-visible signage—to 66,700 vehicles per day. Goldorado Center is anchored by Bel Air and CVS and features major national tenants like AutoZone, GNC, Wells Fargo, Anytime Fitness, Jiffy Lube, Subway, and more. As the only center in the region that is anchored by both a grocery store and a drugstore, Goldorado Center attracts customers from a significantly wide area, including Cameron Park and the neighboring communities of El Dorado Hills, Shingle Springs, and Placerville.

The property and Goldorado Center are adjacent to Marshall Medical Center, which features a wide variety of outpatient facilities at its Cameron Park complex. The property is close to important community amenities like the Cameron Airpark and Ponderosa High School, which has a total enrollment of 1,818 students. The property is also near Cameron Park Country Club and is just four miles from Red Hawk Casino, a major tourist attraction which features approximately 2,000 slot machines, 75 table games, a buffet, six restaurants, four bars, a gift shop, and a child care center. The casino has won many awards and has been voted “the best” over 100 times in numerous categories. Additionally, Goldorado Center serves as a gateway to Cameron Park’s affluent residential neighborhoods. Average household incomes around the property greatly exceed $100,000, providing a strong customer base.

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