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Views: 40 DOM: 76 Updated: 08.06.24 Posted: 06.24.24 Status: Active

Summary

Price $8,033,000
Built/Renov 2008
Tenant Bass Pro Shops (GL)
Cap Rate 6.75%
Lease Type Modified Gross
Guarantor Corporate
Size/SF 136,075
Lease Start 02-15-2008
#Units 200
Price/SF $59.03
Expiration 02-14-2028
Tenant Type Big Box Retail
NOI $542,261
R. Term 3.5
Ownership Ground Lease
Rent/SF $3.99
Increases 0.0%/0/yrs
Pop 5Mi 43,106
Lot/AC 15.90
Options 10/5yrs
AHHI 5Mi $106,757

Lease Highlights

  • Bass Pro Shops has been operating in this location since 2008
  • The tenant has 3+ years remaining on the current ground lease term with 10 (5-year) options to extend
  • Tenant pays minimum threshold rent of $5.00 PSF annually in addition to 2% of gross sales up to $60M, plus 1% of gross sales in excess of $60M per year
  • Corporate guaranteed lease

Location Description

Bass Pro is strategically located on Bass Pro Drive, with access to a robust daily traffic count of 59,400 vehicles. The property benefits from direct access to US Highway 98 (41,700 VPD) and US Highway 31 (23,700 VPD). Additionally, it fronts Interstate 10 (59,400 VPD) and is ideally situated as a co-anchor to Spanish Fort Town Center, a lifestyle center also anchored by Kohl’s. The site is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Bass Pro Shops
  • Guarantor:Corporate
  • Company:Great American Outdoors Group
  • # Units:200
  • Stock:Private

About Tenant

Bass Pro Shops is a renowned retail chain specializing in outdoor recreation products. Founded in 1972, The company offers a wide range of merchandise for hunting, fishing, camping, boating, and...


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Listing Broker

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