20000 Bass Pro Dr - Freestanding FOR SALE


Spanish Fort, AL 36527
$7,747,000 USD
480-221-4221
20000 Bass Pro Dr, Spanish Fort, AL for Sale
$7,747,000 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

20000 Bass Pro Dr
Spanish Fort, AL 36527


HIGHLIGHTS

  • Over 3 Years Remaining | 50 Additional Years in Option Periods | Corporate Guaranteed | Well-Known & Established Brand
  • Modified Gross Lease | Leased Fee Ownership
  • Co-Anchor to Spanish Fort Town Center (461K+ SF) | Nearby Major Shopping Centers | Strong National Tenant Presence
  • Strong Consumer Draw | High Intrinsic Value | Minimal Competition
  • Located Along Bass Pro Drive | Centralized Location | Excellent Visibility & Access
  • Direct Residential Consumer Base | Affluent Community |Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a freestanding, corporate guaranteed, Bass Pro Shops investment property located in Spanish Fort, AL (Mobile MSA). The tenant, Bass Pro Outdoor World, LLC, has over 3 years of firm term remaining with an additional 10 (5-year) option periods to extend. The tenant is operating on a modified gross lease and is currently paying base rent per their minimum required threshold (see pages 5 & 14 for details). Founded in 1972, Bass Pro Shops is North America’s premier outdoor and conservation company with 200 operating locations.

FOR SALE DETAILS

PRICE

$7,747,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Bass Pro Shops | 3+yrs Remain Corp Gross Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

760

LAND DETAILS

LAND ACRES

15.9 AC

LAND SF

692,604 SF

ZONING

B-3

APN/PARCEL ID

32-09-31-0-000-001.001

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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