Miscellaneous
Range USA | New 20-Yr. Absolute NNN
12780 Reeck Rd, Southgate (Detroit MSA), MI 48195
Listing Price: $5,211,600
Cap Rate
6.85%
Tenant Name
Range USA
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
15,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.80
Investment Overview
Marcus & Millichap is pleased to present the Range USA in Southgate, MI.
Range USA | New 20-Yr. Absolute NNN
Investment Highlights
- 20-Year Absolute NNN Lease with 5% Rental Increases Every 5 Years
- Strong Corporate Guaranty, 45+ Locations in 12 States and Expanding
- World's Largest Indoor Gun Range Operator and Industry Leader in Firearm Sales, Training, and Education
- 2022 Gun Sales Were 3rd Highest Since Records Began, 20% Higher than 2019
- Firearm Retailers Classified Nationally as an Essential Business
- Brand New High-Quality Brick/Block Construction
- Serving Over 247,000 Residents in Established Trade Area
- Just Off I-75 with 90,500 Cars/Day, One of the Busiest Highways in the State with Direct Access to Detroit
Listing Price: $5,211,600
Cap Rate
6.85%
Tenant Name
Range USA
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
15,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.80
Investment Highlights
- 20-Year Absolute NNN Lease with 5% Rental Increases Every 5 Years
- Strong Corporate Guaranty, 45+ Locations in 12 States and Expanding
- World's Largest Indoor Gun Range Operator and Industry Leader in Firearm Sales, Training, and Education
- 2022 Gun Sales Were 3rd Highest Since Records Began, 20% Higher than 2019
- Firearm Retailers Classified Nationally as an Essential Business
- Brand New High-Quality Brick/Block Construction
- Serving Over 247,000 Residents in Established Trade Area
- Just Off I-75 with 90,500 Cars/Day, One of the Busiest Highways in the State with Direct Access to Detroit
Investment Overview
Marcus & Millichap is pleased to present the Range USA in Southgate, MI.
