100 Cabela Blvd - Storefront Retail/Office FOR SALE


Scarborough, ME 04074
$39,867,188 USD
332-345-4222
100 Cabela Blvd, Scarborough, ME for Sale
$39,867,188 USD
Storefront Retail/Office - FOR SALE
1/2
null | 6.4% Cap Rate

100 Cabela Blvd
Scarborough, ME 04074


HIGHLIGHTS

  • Long-Term, 25-Year Absolute Triple Net Lease with Over 9 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 | Full Corporate Guarantee from Bass Pro Outdoor World
  • 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
  • Excellent Visibility and Access From Interstate 95 and Route One | Ideally Located Less Than 9-miles From Downtown Portland, ME

OVERVIEW

The NNN Pro Group is pleased to present the exclusive listing for a Cabela’s at 100 Cabela Boulevard in Scarborough, Maine. The site consists of roughly 130,000 rentable square feet of building space on a 5.00-acre lot that comprises its unit as part of a commercial condominium for the entire Gateway Shoppes development. All roads, parking and access are common elements that are the responsibility of the condominium unit owners, who owe their proportionate share of the property manager’s fee. This Cabela’s is subject to 25-year triple net (NNN) lease with absolutely zero landlord responsibility that commenced May 12, 2008 and has over 9 years remaining on the primary term of the lease. The current net operating income is $2,551,500 and is scheduled to increase 10% every 5 years with the next increase occurring in 2028.

FOR SALE DETAILS

PRICE

$39,867,188 USD

PRICE/SF

$307 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cabela's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

1113

LAND DETAILS

LAND ACRES

42 AC

LAND SF

1,829,520 SF

ZONING

Commercial Retail

APN/PARCEL ID

SCAR-000040R-000000-000005

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.