Are you interested in purchasing a fee simple single tenant PetSmart triple net lease property for 1031 exchange?
We have access to a large inventory of Corporate PetSmart net lease or nnn lease properties for sale. Please send an email to info@nnndeals.com with your PetSmart 1031 exchange criteria and we will email you a short list of PetSmart nnn lease or triple net lease properties for sale.
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About PetSmart :
PetSmart, Inc. (NASDAQ: PETM) is a retail chain doing business in the United States and Canada engaged in the sale of specialty pet supplies and services such as grooming and dog training, PetSmart PetsHotel dog and cat boarding facilities and Doggie Day Care. The name PetSmart was coined as a pun, since its name serves both as Pet Smart and Pets’ Mart.
PetSmart was founded in 1986 and opened its first two stores in 1987 under the name PetFood Warehouse in the Phoenix area. In 1989 the name and logo changed from PetFood Warehouse to PETsMART.
PetSmart continued to grow and in 1993 went public on the NASDAQ stock exchange listed under the symbol “PETM”. In 1994, PetSmart formed PetSmart Charities, Inc., a nonprofit organization that’s dedicated to ending euthanasia and finding homes for homeless pets. Petsmart.com made it’s debut in 1996.
In early 2000, PetSmart remodeled most of its stores in a plan they called “Eagle” which changed many of its stores from a front-half storefront, back-half warehouse feel to an all-over standard retail market, in hopes of not intimidating customers.[citation needed]
In August 2005, the company announced that it was rebranding its name from PETsMART to PetSmart. This move, which de-emphasized “Mart” and emphasized “Smart”, was designed to emphasize its evolution from a pet supply store to a solutions-oriented company.[2]
As of May 2010, PetSmart operated approximately 1,160 stores and about 165 locations with PetsHotels and Doggie Day Camps. Many PetSmarts also contain Banfield Pet Hospital veterinary offices. Fee simple single tenant PetSmart triple net lease for 1031 exchange.