Dick's Sporting Goods (Dark) | Sportsman's Warehouse (Sublease)

3500 Capital City Mall Drive, Camp Hill, PA 17011

$9,400,000

Cap Rate 7.49%

Views: 92 DOM: 341 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 6.2	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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Key Features

Dense retail corridor
Shopping Ctr out-parcel
Strategically located
Freeway visibility
Top 100 MSA
Strong demographics
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dick's Sporting Goods Wikipedia Dick's Sporting Goods Wikipedia Camp Hill, Pennsylvania Zip Code 17011 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dick's Sporting Goods (Dark)
Guarantor:Corp T and Rated
Company:DICK'S Sporting Goods Inc.
# Units:804
Tenant S&P: BBB
Moody’s: Baa3
Stock: NYSE: DKS

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

Steve Schrenk

Forged Real Estate

Contact

42 Listings
7487 Views
8 Sold

Marc Mandel

Forged Real Estate

Contact

42 Listings
7504 Views
8 Sold

Steve Schrenk

Steve Schrenk is the co-founder and Principal of Forged Real Estate. Steve specializes in the acquisition and disposition investment advisory services of single-tenant and multi-tenant net lease properties, sale-leasebacks, and small shopping centers throughout the country. Since 2018, Steve has been involved in 300+ transactions totaling over $1 billion in total volume. Steve is a knowledgeable real estate professional with years of experience who prides himself on the team’s client centric an

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Marc Mandel

Marc Mandel is the co-founder and Managing Principal of Forged Real Estate. Marc has over 18 years of experience in the commercial real estate industry and currently leads the team at Forged Real Estate with a focus on single-tenant, sale-leaseback, and small shopping center investment advisory services throughout the country. He has completed over 820 transactions throughout his career with a value of approximately $1.6 billion. Prior to founding Forged Real Estate, Marc previously was one of

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