Petco
STNL Petco | 6.25% CAP | Absolute NNN
Marketing description
Embree Capital Markets Group is pleased to present the exclusive offering of a newly constructed, build-to-suit Petco located at 80 Reese Way in Mount Sterling, Kentucky. This premier retail asset is secured by a 15-year absolute NNN lease with 8.5% rental increases every five years, offering investors stable, long-term income backed by a nationally recognized tenant. The property is positioned within one of the most active retail corridors in Mount Sterling, directly adjacent to Walmart Supercenter and Lowe’s, ensuring exceptional visibility and traffic exposure.
Mount Sterling is located just 36 miles east of Lexington, placing it within the growing Lexington–Fayette MSA, the second-largest metropolitan area in Kentucky. The site benefits from strong regional connectivity via Interstate 64, providing direct access to Lexington, Louisville (116 miles), and Cincinnati (107 miles). With a traffic count exceeding 16,000 vehicles per day and proximity to Eastern Kentucky University and Bluegrass Community & Technical College, the location draws from a robust mix of residents, commuters, and students. The surrounding trade area features a population of over 32,000 within a 10-mile radius, supported by steady population growth and an average household income above $62,000, underscoring strong consumer spending potential.
Investment highlights
Brand-New 2023 Construction – Modern prototype Petco retail store
Corporate Lease – Guaranteed by Petco Animal Supplies Stores, Inc.
15-Year Absolute NNN Lease – Zero landlord responsibilities
8.5% Rent Increases Every 5 Years – Inflation-protected income growth
Prime Retail Location – Adjacent to Walmart Supercenter and Lowe’s
Strong Visibility – Over 16,000 vehicles per day on the main thoroughfare
Part of Lexington–Fayette MSA – Access to a population base of 500,000+
Excellent Connectivity – Quick access to I-64 and regional trade corridors
Growing Trade Area – 32,000+ residents within 10 miles
Healthy Local Demographics – Average household income over $62,000
High-Traffic Retail Corridor – Surrounded by major national tenants
Top-Tier National Tenant – Petco operates 1,500+ locations nationwide
E-commerce Resistant Business Model – Focused on in-person pet care and wellness services
Fee Simple Ownership – Ideal for 1031 Exchange and passive investors
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