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Petco Absolute NNN

141 Beaver Trail S · Glasgow, KY 42141 · Specialty Retail

Asking price
$4,158,000
Cap rate
6.25%
NOI
$259,888

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Lease

Lease typeAbsolute NNN
Term remaining11.4 yrs
Expiration12/2037
Rent bumps8.50% Every 5-Years
OptionsFive, 5-Year
Ground leaseNo
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF11,050
Price / SF$376
Year built2022
Lot size1.33 ac
TypeGrocery Store, Shopping Center, Storefront
Days on market451

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​

    Corporate Lease with Petco – Backed by Petco Animal Supplies Stores, Inc., a leading national pet retailer with over 1,500 locations across the U.S.

  • ​

    Brand-New 2022 Construction – Delivered to tenant in late 2022; high-quality build with modern design.

  • ​

    Absolute NNN Lease – Zero landlord responsibilities – ideal for passive investors.

  • ​

    Long-Term Stability – 15-year base lease with 8.5% rent escalations every 5 years.

  • ​

    Strong Co-Tenancy – Located adjacent to Walmart Supercenter; benefits from significant cross-shopping traffic.

  • ​

    Excellent Visibility & Access – Frontage along Beaver Trail South with over 17,000 VPD (vehicles per day).

  • ​

    Growing Trade Area – Over 39,000 residents within a 10-mile radius with steady population growth.

  • ​

    Healthy Local Economy – Glasgow is the principal city of its MSA and the seat of Barren County.

  • ​

    1031 Exchange Ready – Well-suited for investors seeking a long-term, stable, income-generating asset.

  • ​

    Proximity to Major Metros – Just 96 miles from both Nashville, TN and Louisville, KY; strong regional connectivity.

  • ​

    Resilient Tenant Category – Pet retail has proven to be a recession-resistant and growing retail segment.

  • ​

    Investment-Grade Alternative – Petco is a long-established national brand with robust market presence.

Property overview

Embree Capital Markets Group is pleased to present an exceptional net lease investment opportunity: a newly constructed Petco store located at 141 Beaver Trail South in Glasgow, Kentucky.​ This single-tenant asset offers a long-term lease with a nationally recognized retailer and is strategically positioned within a growing market with proximity to major metropolitan areas.​ The property is leased to Petco Animal Supplies Stores, Inc.​, a leading national pet specialty retailer.​ The absolute NNN lease structure ensures a passive investment with no landlord responsibilities, making it an ideal addition to any investment portfolio.​

Situated along Beaver Trail South, this Petco location benefits from excellent visibility and accessibility, with traffic counts exceeding 17,000 vehicles per day.​ The site is adjacent to a Walmart Supercenter, creating a strong retail synergy and consistent consumer draw.​ The surrounding area has a population of over 39,000 within a 10-mile radius, providing a robust customer base for the tenant.​

Glasgow is a thriving city in Barren County, serving as the county seat and principal city of the Glasgow Micropolitan Statistical Area.​ With a median age of 40, Glasgow's demographic is balanced and contributes to a stable local economy.​ Glasgow's strategic location offers convenient access to major metropolitan areas.​ The city is approximately 96 miles from both Nashville, Tennessee, and Louisville, Kentucky, making it an attractive market for retailers seeking to serve both local and regional customers.​

This offering represents a rare opportunity to acquire a newly developed, zero-responsibility asset with a strong national tenant in a growing Kentucky market.​ The combination of a long-term lease, strategic location, and favorable demographics makes this property an ideal addition to any investment portfolio.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.