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Miscellaneous

RangeUSA | 12+ Years Remaining

120 Country Club Rd, Indianapolis, IN 46234

Listing Price: $4,138,000

Cap Rate
6.50%
Tenant Name
RangeUSA
Years Remaining On Lease
12.6
Gross SF
15,000
Guarantor
Corporate Guarantee
Rentable SF
15,000
Price/Gross SF
$275.87
Lease Type
Single Net
Rent Per Square Feet
$17.93

Investment Overview

Marcus & Millichap is pleased to exclusively present a RangeUSA with over 12 years of lease term remaining, located in Indianapolis. Range USA is a national tenant, and the world's largest operator of indoor gun ranges, formerly known as Shoot Point Blank. Attractive lease terms include 10% rental increases every five years, minimal landlord responsibilities, and a corporate guarantee. Subject property is conveniently situated off a heavily traveled intersection with 58,000 vehicles per day, and 2.4 miles off of Interstate 465 with over 180,000 vehicles per day. Many major retailers are in extremely close proximity, including Culver's, Belle Tire, WoodSpring Suites/Extended Stay America, and a Kroger-anchored shopping center across the street. Nearly 170,000 people live within five miles and over 12,000 people work within one mile. Subject property is only 8.5 miles from Downtown Indianapolis and 6.9 miles from Indianapolis International Airport.

Investment Highlights

  • Range USA with Over 12 Years of Lease Term Remaining | New 2020 Construction
  • Attractive Lease Terms | 10% Rental Increases Every Five Years | Corporately Guaranteed | Minimal Landlord Responsibilities
  • Situated off of a Heavily Traveled Intersection | Country Club Road and U.S. Route 36 (Rockville Road) with Over 58,000 Vehicles per Day | Near Interstate 465 (180,000 VPD)
  • Across the Street from Westpoint Commons | Kroger Anchored Shopping Center | Approximately 1.2 Million Visits in the Last 12 Months (Placer.ai)
  • 8.5 Miles East of Downtown Indianapolis and 6.9 Miles North of Indianapolis International Airport
  • Recent Developments in Close Proximity Include Fresh Thyme, Belle Tire, BioLife Plasma Services, Jaggers Restaurant (Owned by Texas Roadhouse), a Proposed Car-X, and More

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Miscellaneous

RangeUSA | 12+ Years Remaining

Listing Price: $4,138,000

Cap Rate
6.50%
Tenant Name
RangeUSA
Years Remaining On Lease
12.6
Gross SF
15,000
Guarantor
Corporate Guarantee
Rentable SF
15,000
Price/Gross SF
$275.87
Lease Type
Single Net
Rent Per Square Feet
$17.93

Investment Highlights

  • Range USA with Over 12 Years of Lease Term Remaining | New 2020 Construction
  • Attractive Lease Terms | 10% Rental Increases Every Five Years | Corporately Guaranteed | Minimal Landlord Responsibilities
  • Situated off of a Heavily Traveled Intersection | Country Club Road and U.S. Route 36 (Rockville Road) with Over 58,000 Vehicles per Day | Near Interstate 465 (180,000 VPD)
  • Across the Street from Westpoint Commons | Kroger Anchored Shopping Center | Approximately 1.2 Million Visits in the Last 12 Months (Placer.ai)
  • 8.5 Miles East of Downtown Indianapolis and 6.9 Miles North of Indianapolis International Airport
  • Recent Developments in Close Proximity Include Fresh Thyme, Belle Tire, BioLife Plasma Services, Jaggers Restaurant (Owned by Texas Roadhouse), a Proposed Car-X, and More

Investment Overview

Marcus & Millichap is pleased to exclusively present a RangeUSA with over 12 years of lease term remaining, located in Indianapolis. Range USA is a national tenant, and the world's largest operator of indoor gun ranges, formerly known as Shoot Point Blank. Attractive lease terms include 10% rental increases every five years, minimal landlord responsibilities, and a corporate guarantee. Subject property is conveniently situated off a heavily traveled intersection with 58,000 vehicles per day, and 2.4 miles off of Interstate 465 with over 180,000 vehicles per day. Many major retailers are in extremely close proximity, including Culver's, Belle Tire, WoodSpring Suites/Extended Stay America, and a Kroger-anchored shopping center across the street. Nearly 170,000 people live within five miles and over 12,000 people work within one mile. Subject property is only 8.5 miles from Downtown Indianapolis and 6.9 miles from Indianapolis International Airport.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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