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Views: 128 DOM: 116 Updated: 10.18.24 Posted: 08.28.24 Status: Active

Summary

Price $10,000,000
Built/Renov 2014
Tenant Sportsman's Warehouse
Cap Rate 8.25%
Lease Type Gross
Guarantor Corp Traded
Size/SF 55,000
Lease Start 11-01-2014
#Units 146
Price/SF $181.82
Expiration 01-31-2036
Tenant Type General Retail
NOI $825,000
R. Term 11.1
Ownership Fee Simple
Rent/SF $15.00
Increases 5.0%/5/yrs
Pop 5Mi 147,014
Lot/AC 8.58
Options 2/5yrs/5%
AHHI 5Mi $101,428

Lease Highlights

  • Sportsman's Warehouse has 11+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features fluctuating rental increases throughout the initial term and option periods
  • Corporate guaranteed lease (NASDAQ: SPWH)

Location Description

Sportsman’s Warehouse is strategically located on Miracle Mile Drive, with access to 22,500 vehicles passing by daily. The property is situated on a pad site adjacent to The Marketplace Mall and is less than a mile from Interstate 390, which connects to Interstates 90 and 590. Additionally, the immediate area is home to well-known national tenants, including Walmart, Wegmans, BJ’s Wholesale...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Sportsman’s Warehouse Holdings, Inc. (NASDAQ: SPWH) is an American outdoor sporting goods specialty retailer. The products offered at Sportsman's Warehouse range from departments including...


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Listing Broker

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