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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.

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

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Miscellaneous

Range USA | New 20-Yr. Absolute NNN

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.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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