Property details
Commerciallease, Northeast Region
Property Description
Commerciallease
• New Construction Commerciallease
• Free-standing retail store
• 15 year initial commerciallease terms
• Rental increases every 5 years
Commerciallease Gander Mountain located just off of a major Interstate which serves as the primary Interstate in the area with traffic counts of 55,000 vehicles per day. The commerciallease is situated in a new retail park with other national tenants including Tractor Supply Company & Camping World. Other tenants in the immediate area include: Days Inn, Fairfield Inn, Exxon Mobile, McDonald's & Hampton Inn.
Headquartered in St. Paul, Minnesota, is a leading specialty retailer that serves the needs of outdoor lifestyle enthusiasts, with a particular focus on hunting, fishing, camping and boating. As of October 2007, the Company had 115 Gander Mountain outdoor lifestyle stores in 23 states.
Property lease dates shown are estimates. Actual dates are subject to verification.
Are properties with a Commerciallease better than residential?
Most commerciallease buyers prefer a commercial lease over residential because of the fewer headaches associated with management.
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Highlights
- Status:
- Available
- Price:
- $11,915,000
- PSF:
- $181
- Cap Rate:
- 8.25%
- Annual Rent:
- $983,206
- Rent Increases:
- every 5 years
Property Information
- Building Size:
- 65,987 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Retail
- Units/Spaces:
- 1
- Land Area:
- 7,041.00 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Gander Mountain
- Lease Type:
- NN
- Lease Commencement:
- 4/1/2008
- Lease Expiration:
- 4/1/2023
- Lease Term:
- 15 years
- Years Remaining:
- 14 years
- Landlord Responsibilities:
- Landlord is responsible for roof and structure repair & replacement only. Tenant is responsible for all other expenses including taxes, insurance, utilities, repairs and common area maintenance.
- Options:
- 4 5-year renewal options.
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.