Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to PetSmart, (the “Property”) in Mankato, Minnesota, approximately an hour southwest of Minneapolis. PetSmart was built recently in 2018 and is currently operating on a fee simple double-net (NN) lease in which the landlord has limited responsibility. In 2022, they extended their lease early and currently have over eight and a half (8.5+) years of term remaining with a rental increase of $1.00/SF in 2028. PetSmart currently sits along a strong retail corridor just off the intersection of U.S. Highway 14 and State Highway 22, boasting a combined 59,100 VPD. Adjacent properties such as Hy-Vee, T.J. Maxx, and Menards all rank above the 90th percentile of their respective chains within the United States demonstrating the strength of this retail corridor. The Hy-Vee is in the top 99th percentile of their chain in the country while the T.J. Maxx in the 92nd percentile of their chain within Minnesota, cementing them as the top performing retail locations (Placer.ai). The surrounding area within 1, 3 and 5 miles of the property has seen substantial growth since 2010. The one (1) mile surrounding area specifically has experienced immense growth of over 35% in the population size and 49% in the number of households. Both the population and number of households are projected to continue growing through 2027. A privately held American chain of pet superstores, PetSmart boasts over 1,660 stores, 7 distribution centers and 2 home offices. They employ nearly 50,000 associates and rank as the leading pet company in North America, offering more pet services and expertly curated products than any other pet specialty retailer.