Petco
STNL Petco | 6.00% Cap Rate
Marketing description
Embree Capital Markets Group is pleased to present the exclusive offering of a newly constructed, build-to-suit Petco located at 2450 W. Cumberland Street in Dunn, North Carolina. This single-tenant retail property is backed by a 15-year absolute NNN lease featuring 8.5% rent increases every five years, providing investors a long-term, stable, and maintenance-free income stream. The property benefits from a prime retail location along U.S. Highway 421, one of Dunn’s busiest commercial corridors, with traffic counts exceeding 23,900 vehicles per day, and strong co-tenancy including Tractor Supply, Ollie’s, and Belk.
Dunn is part of the Raleigh–Durham–Chapel Hill Combined Statistical Area, one of the fastest-growing regions in the Southeast. The property is strategically located 40 miles south of Raleigh and 30 miles north of Fayetteville, along Interstate 95, a major north-south transportation artery that connects the Eastern Seaboard. The surrounding 10-mile trade area includes a population of over 56,000 residents, with steady growth and average household incomes exceeding $57,000. Dunn’s strong mix of national retail tenants, its accessibility to major metros, and a growing residential base make this location an attractive long-term investment within a resilient market.
Investment highlights
Brand-New 2023 Construction – Modern prototype Petco retail store
Corporate Lease – Guaranteed by Petco Animal Supplies Stores, Inc. (NYSE: WOOF)
15-Year Absolute NNN Lease – No landlord maintenance, taxes, or insurance obligations
8.5% Rent Increases Every 5 Years – Inflation-protected income
High-Traffic Location – Over 23,900 vehicles per day on W. Cumberland Street (U.S. 421)
Strong Retail Synergy – Adjacent to Tractor Supply, Ollie’s, and Belk
Located Along I-95 Corridor – One of the most traveled interstates in the U.S.
Growing Trade Area – 56,000+ residents within a 10-mile radius
Healthy Demographics – Average household income over $57,000
Within Commuter Distance to Raleigh and Fayetteville – Expanding regional population base
Established Retail Market – Surrounded by Walmart, Lowe’s, and national quick-service restaurants
Fee Simple Ownership – Ideal for 1031 exchange or passive investors
E-Commerce Resistant Tenant – Pet services, grooming, and wellness drive in-store traffic
Turnkey, Management-Free Investment – Long-term stability with corporate credit
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