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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.

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

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Miscellaneous

Range USA | New 20-Yr. Absolute NNN

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.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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