Miscellaneous
Range USA | New 20-Yr. Absolute NNN
1011 Cross Pointe Pl, Evansville, IN 47715
Listing Price: $5,678,000
Cap Rate
7.00%
Tenant Name
RangeUSA
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
14,933
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.62
Investment Overview
Marcus & Millichap is pleased to present the Range USA in Evansville, IN.
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
- Serving Over 241,000 Residents in Rapidly Growing Trade Area
- Surrounded by Several Major Residential, Office, and Retail Developments
- Average Household Income Exceeds $85,000 Within a 1-Mile Radius
Listing Price: $5,678,000
Cap Rate
7.00%
Tenant Name
RangeUSA
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
14,933
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.62
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
- Serving Over 241,000 Residents in Rapidly Growing Trade Area
- Surrounded by Several Major Residential, Office, and Retail Developments
- Average Household Income Exceeds $85,000 Within a 1-Mile Radius
Investment Overview
Marcus & Millichap is pleased to present the Range USA in Evansville, IN.
