Cabela's
Scarborough, ME
Key Details
| Price: | $39,867,188 |
|---|---|
| Cap Rate: | 6.40% |
| Annual Rent: | $2,551,500 |
| Address: | 100 Cabela Boulevard, Scarborough, Maine 04074 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 25 Years |
|---|---|
| Lease Commencement: | 5/12/2008 |
| Lease Expiration: | 5/31/2033 |
| Lease Term Remaining: | 8.5 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 5.00 Acres |
| Building Size: | 130,000 SF |
| Year Built: | 2008 |
NNN Pro is pleased to present the exclusive listing for a Cabela's located at 100 Cabela Boulevard, Scarborough, Maine 04074. The site consists of roughly 130000 rentable square feet of building space on an estimated 5-acre parcel of land. This Cabela's is subject to a 25-year Triple Net (NNN) lease, which commenced 5/12/2008. The current annual rent is $2,551,500 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- Long-Term, 25-Year Absolute Triple Net Lease with Nearly 10 Years of Term Remaining with 10% Rental Escalations Every Five Years
- Continuous Operation Clause | Rare Lease Clause Found in Cabela’s and Bass Pro Leases
- Only Cabela’s or Bass Pro Shops in the Entire State of Maine | Ranked in the Top 90th Percentile Nationwide on Placer | Visitors Travel as Far as 100 Miles to Shop at This Location
- Excellent Visibility and Access From Interstate 95 and Route One | Ideally Located Less Than 9-miles From Downtown Portland, ME
- Adjacent To Scarborough Fishing And Game Association, Scarborough Gun Club | Wildlife Management Area (WMA) | Located Less Then 3-miles Away | Massive Greenland’s Used For Hunting, Fishing, And Other Outdoor Activities
Key Details
| Price: | $39,867,188 |
|---|---|
| Cap Rate: | 6.40% |
| Annual Rent: | $2,551,500 |
| Address: | 100 Cabela Boulevard, Scarborough, Maine 04074 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 25 Years |
|---|---|
| Lease Commencement: | 5/12/2008 |
| Lease Expiration: | 5/31/2033 |
| Lease Term Remaining: | 8.5 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 5.00 Acres |
| Building Size: | 130,000 SF |
| Year Built: | 2008 |
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
Broker of Record
Brian Brockman
Bang Realty-New England, Inc
License: DB921170
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.