80 Reese Way
Mount Sterling, KY 40353

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Petco asset located at 80 Reese Way, Mount Sterling, KY 40353 (the “Property”). The Property is a new build-to-suit, featuring exceptional access and visibility along the primary retail corridor. The location along Indian Mound Dr sees 16,000 vehicles per day. The location is adjacent to Lowe's and Walmart, neighboring dozens of national tenants like Tractor Supply, Dollar Tree, and Kroger.
Petco is operating under an Absolute NNN lease. The fifteen year lease features 8.5% rental increases every five years during the base lease term and at the beginning of each of the five, five year renewal option periods. The initial lease term remaining is 13 years and the first 8.5% rent bump is in three years.