PETMED EXPRESS INC (PETS) Form 8-K — Jul 23, 2026
PetMed Express, Inc. entered into a definitive agreement to sell its headquarters and distribution center properties in Delray Beach, Florida, for $37 million. The buyer, Redfearn Capital Acquisitions, LLC, has agreed to purchase the properties, subject to a 30-day due diligence period that may be extended by up to 45 days. The company plans to lease back the 100,519 square feet of space it currently occupies under a triple-net lease with an initial term of 10 years.
Key figures
- Deal Value Usd
- 37000000
- Lease term years
- 10
- Square feet leased
- 100519
- Annual rent increase pct
- 3.5
- Initial annual rent per sq ft
- 15.25
Price after filing
Close on the filing date to close N calendar days later (from $2.05). Historical, not a forecast.
AI analysis
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