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Views: 67 DOM: 275 Updated: 08.23.24 Posted: 12.16.23 Status: Active

Summary

Price $9,400,000
Built/Renov 2015
Tenant Dick's Sporting Goods (Dark) | Sportsman's Warehouse (Sublease)
Cap Rate 7.49%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 50,302
Lease Start 10-15-2015
#Units 804
Price/SF $186.87
Expiration 01-31-2031
Tenant Type Big Box Retail
NOI $704,228
R. Term 6.4
Ownership Fee Simple
Rent/SF $14.00
Increases 3.7%/2/yrs
Pop 5Mi 176,701
Lot/AC 4.00
Options 3/5yrs/3.45%
AHHI 5Mi $98,244

Lease Highlights

  • Sportsman Warehouse has 7+ years remaining on the current lease term with 2 (5-year) and 1 (4-year 11 month) options
  • Lease features 3.70% rental increase at the start of option 1, with remaining option increases differing ( see page 15 of OM for details)
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Sportsman’s Warehouse is strategically located on Capital City Mall Drive, with access to 9,075 vehicles passing by daily. The property benefits from excellent visibility as it can easily be seen by the 37,000 vehicles per day along US-15. Positioned adjacent to a Walmart Supercenter, the property sits as an outparcel to the highly trafficked Capital City Mall, which ranks in the top 91st...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dick's Sporting Goods, Inc is an American sporting goods retail company. Dick's is America's largest sporting goods retailer, and it is listed on the Fortune 500. Richard "Dick" Stack...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,844 65,128 182,682
2023 Total Population : 7,841 64,005 178,669
2023 Employed Civilian Pop : 2,873 33,981 93,596
2023 Total Businesses : 667 3,330 7,781
2023 Average Household Income : $ 89,479 $ 111,148 $ 101,128
2023 Total Consumer Spending : $ 187 M $ 2587 M $ 6535 M
2023 Median Age : 38 45 41
2023 Total Households : 2,399 27,111 74,886
2023 Pop Age 25+: Bachelor's Degree : 1,035 14,018 33,812
2023 Average Home Value : $ 237,757 $ 292,096 $ 280,425
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hartzdale Dr 2021 2,029 0.05 mi
Hwy 15 2022 826 0.09 mi
Gettysburg Rd 2019 2,160 0.14 mi
US Hwy 15 Gettysburg Rd 2017 53,690 0.16 mi
Capital City Mall Drive Hartzdale Dr 2021 2,725 0.16 mi
Hwy 15 2022 7,914 0.21 mi
Gettysburg Rd 31st St 2017 17,554 0.22 mi
Spangler Road Gettysburg Rd 2022 1,508 0.24 mi
Lower Allen Dr 2021 8,792 0.25 mi
Hartzdale Drive S Saint Johns Rd 2021 11,008 0.26 mi

Listing Broker

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