---
schema_version: "secwatch.filing_event.v1"
accession: "0001040130-26-000029"
form_type: "8-K"
ticker: "PETS"
cik: "0001040130"
company_name: "PETMED EXPRESS INC"
filed_at: "2026-07-23T13:26:31+00:00"
generated_at: "2026-07-23T13:27:05.946486+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PetMed Express enters $37M sale-leaseback of headquarters and distribution center

## Summary
- Sale price $37M for properties at 410 and 420 South Congress Ave, Delray Beach, FL.
- Leaseback for 100,519 sq ft, 10-year term, base rent $15.25/sq ft first year, 3.5% annual increase.
- Buyer is Redfearn Capital Acquisitions, LLC; due diligence up to 30 days, closing expected within 120 days.
- Triple-net lease with operating cost pass-through; prepayment of third year rent and one-year security deposit.
- Company cites strengthening balance sheet and unlocking shareholder value.

## SEC filing metadata
- accession: 0001040130-26-000029
- form_type: 8-K
- ticker: PETS
- cik: 0001040130
- company_name: PETMED EXPRESS INC
- filed_at: 2026-07-23T13:26:31+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040130/000104013026000029/0001040130-26-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040130/000104013026000029/pets-20260723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001040130-26-000029
- JSON: https://secwatch.observer/filing/0001040130-26-000029.json
- Plain text: https://secwatch.observer/filing/0001040130-26-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.