PetSmart - Wichita KS

JLL Net Lease Advisory is pleased to exclusively offer a net lease opportunity to acquire a single tenant, fee simple outparcel property leased to PetSmart (the “Property”) in Wichita, the largest city in the state of Kansas. PetSmart has been at this location for 23 years and recently extended their term to now have 10.5 years remaining, with three, five-year options, all of which have varying increases every five years.

PetSmart is a privately-owned specialty retailer of pet food and supplies who employs approximately 52,000 associates and operates over 1,600 stores in all 50 U.S. States. Additionally, PetSmart carries more than 200 in-store hotels, dog and cat boarding facilities in the United States, Canada and Puerto Rico.  

·   Outparcel to the 900,000 SF JC Penney anchored regional mall, Towne West Square, which includes national tenants such as; Dick’s Sporting Goods, Kay Jewelers, American Eagle Outfitters, Dillard’s Clearance, Victoria’s Secret and Regal Cinemas

·      Conveniently situated between two major interstate highways; Route 235, with 45,500 vehicles per day, and Kellogg U.S. 54 with 89,800 vehicles per day

·    Solid demographics, as there is a population of 188,032 within a five-mile radius, as well as a daytime population of 224,431

·  PetSmart has been at this location for 23 years and recently extended their Lease to now have 10.5 years remaining, showing commitment to the location

· Excellent visibility, as the property can be seen from Kellogg U.S. 54, signage and access to the property due to the exit that leads right to S Tracy Street