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Views: 75 DOM: 151 Updated: 09.09.24 Posted: 06.24.24 Status: Active

Summary

Price $7,747,000
Built/Renov 2008
Tenant Bass Pro Shops (GL)
Cap Rate 7.00%
Lease Type Modified Gross
Guarantor Corporate
Size/SF 136,075
Lease Start 02-15-2008
#Units 200
Price/SF $56.93
Expiration 02-14-2028
Tenant Type Big Box Retail
NOI $542,261
R. Term 3.2
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,239 25,930 46,327
2024 Total Population : 3,064 24,385 42,798
2024 Employed Civilian Pop : 1,521 12,557 22,027
2024 Total Businesses : 255 880 1,878
2024 Average Household Income : $ 89,528 $ 109,637 $ 112,619
2024 Total Consumer Spending : $ 102 M $ 941 M $ 1687 M
2024 Median Age : 42 42 41
2024 Total Households : 1,318 9,885 17,273
2024 Pop Age 25+: Bachelor's Degree : 649 4,909 8,214
2024 Average Home Value : $ 303,401 $ 358,048 $ 407,144
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Town Center Ave 2021 4,509 0.13 mi
Old Spanish Trl 2021 4,447 0.20 mi
Old Spanish Trl 2021 2,819 0.21 mi
Larry Dee Canyer Dr 2021 10,418 0.29 mi
Old Spanish Trail Old Spanish Trl 2021 20,703 0.32 mi
Old Spanish Trail Bay View Dr 2020 20,703 0.32 mi
Old Spanish Trail Whispering Pines Rd 2020 41,716 0.40 mi
Old Spanish Trail I- 10 2021 41,716 0.40 mi
Old Spanish Trail Patrician Dr W 2021 16,989 0.48 mi
2014 13,040 0.49 mi

Listing Broker

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