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Miscellaneous

Cabela’s | High Performing Site | Rare Portland Location

100 Cabela's Blvd, Scarborough, ME 04074

Listing Price: $40,764,227

Cap Rate
6.15%
Tenant Name
Cabela's Retail, Inc.
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
130,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.28

Investment Overview

Marcus & Millichap 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 10 years remaining on the primary term of the lease. The current net operating income is $2,507,000 and is scheduled to increase 10% every 5 years and in each of the two, 10-year options and the one 5-year option.

Investment Highlights

  • Long-Term, 25-Year Absolute Triple Net Lease with Over 10 Years of Term Remaining with 10% Rental Escalations Every Five Years
  • Only Cabela's or Bass Pro Shops in the Entire State of Maine | Ranked in the Top 78thPercentile 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

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s) ME: DB904355

    Maine

Miscellaneous

Cabela’s | High Performing Site | Rare Portland Location

Listing Price: $40,764,227

Cap Rate
6.15%
Tenant Name
Cabela's Retail, Inc.
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
130,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.28

Investment Highlights

  • Long-Term, 25-Year Absolute Triple Net Lease with Over 10 Years of Term Remaining with 10% Rental Escalations Every Five Years
  • Only Cabela's or Bass Pro Shops in the Entire State of Maine | Ranked in the Top 78thPercentile 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

Investment Overview

Marcus & Millichap 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 10 years remaining on the primary term of the lease. The current net operating income is $2,507,000 and is scheduled to increase 10% every 5 years and in each of the two, 10-year options and the one 5-year option.

Exclusively Listed By

Broker of Record

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7220

    License(s): ME: DB904355

    Maine

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