| Brand-Backed Security: Lease guaranteed by PetSmart, Inc.—a $11B+ national retailer with over 1,660 stores and 50,000+ employees. |
| Below-Market Rent: Currently leased at $14.50/SF, offering significant upside in a market where retail rents approach $30/SF. |
| New 15-Year Lease: Recently extended through 2040, featuring scheduled rent escalations and three 5-year renewal options. |
| Robust Economic Growth: Nevada reported 6.0% GDP growth in 2024, supported by expansion in tech, logistics, and clean energy sectors. |
| Resilient Industry: Pet care remains a necessity-driven, recession-resistant sector with strong long-term fundamentals |
| Minimal Landlord Responsibilities: Landlord responsible only for roof, structure, and parking—offering a highly passive investment |
Brian Brockman
Bang Realty
