Bass Pro Shops
Auburn, NY
Key Details
| Price: | $8,320,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $520,000 |
| Address: | 1579 Clark Street Road, Auburn, New York 13022 |
| Property Type: | Retail |
| Lease Type: | Modified Triple Net |
Property Data
| Original Lease Term: | 33 Years |
|---|---|
| Lease Commencement: | 6/10/2004 |
| Lease Expiration: | 10/31/2037 |
| Lease Term Remaining: | 12.9 Years |
| Rental Increases: | 10% in 2029 |
| Lot Size: | 2.19 Acres |
| Building Size: | 95,553 SF |
| Year Built: | 1980 |
NNN Pro is pleased to present the exclusive listing for a Bass Pro Shops located at 1579 Clark Street Road, Auburn, New York 13022. The site consists of roughly 95553 rentable square feet of building space on an estimated 2.19-acre parcel of land. This Bass Pro Shops is subject to a 33-year Modified Triple Net lease, which commenced 6/10/2004. The current annual rent is $520,000 and has scheduled increases of 10% in 2029.
About the Investment
- Bass Pro Shops Showing Long Term Commitment To Site After initially signing a 15-year lease in 2004, Bass Pro Shops recently renewed their lease for another 15 years in 2022 highlighting their commitment to this location.
- Bass Pro Shops Showing Long Term Commitment To Site After initially signing a 15-year lease in 2004, Bass Pro Shops recently renewed their lease for another 15 years in 2022 highlighting their commitment to this location.
- Corporate Guaranty from Outdoor World Inc This lease is guaranteed by Outdoor World Inc, which is the parent of both Bass Pro Shops and Cabela’s, which welcomes over 200 million visitors annually to its 170+ retail centers.
Key Details
| Price: | $8,320,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $520,000 |
| Address: | 1579 Clark Street Road, Auburn, New York 13022 |
| Property Type: | Retail |
| Lease Type: | Modified Triple Net |
Property Data
| Original Lease Term: | 33 Years |
|---|---|
| Lease Commencement: | 6/10/2004 |
| Lease Expiration: | 10/31/2037 |
| Lease Term Remaining: | 12.9 Years |
| Rental Increases: | 10% in 2029 |
| Lot Size: | 2.19 Acres |
| Building Size: | 95,553 SF |
| Year Built: | 1980 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Kevin Burke
kburke@nnnpro.com
License: NY: 10401370868
Broker of Record
Glen Kunofsky
NNN Properties, LLC
License: 49KU1129178
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. 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.