Miscellaneous

Point Blank Range & Gun Shop | 15-Yr. NNN

Listing Price: $3,600,000

Cap Rate
7.30%
Tenant Name
Point Blank
Years Remaining On Lease
14.20
Guarantor
Corporate Guarantee
Rentable SF
15,168
Lease Type
Absolute Net
Rent Per Square Feet
$17.34

Investment Overview

Marcus & Millichap is pleased to present the Point Blank Range & Gun Shop in Memphis, TN.

Investment Highlights

  • 14+ Years Remaining with 5% Increases Every 5 Years
  • Absolute NNN Lease with No Landlord Responsibilities
  • Corporate Guaranty, 28 Locations and Rapidly Expanding
  • Firearms Retailers Classified Nationally as an "Essential Business"
  • Explosive Sales Growth, 2020 Memphis Store Sales Have Already Increased Over 1.5x YTD
  • 67% Year-Over-Year Increase in Tennessee Gun Sales
  • 300% Year-Over-Year Increase in Background Checks for Firearms Nationwide
  • New 2017 High-Quality Brick/Block Construction

Exclusively Listed By

Miscellaneous

Point Blank Range & Gun Shop | 15-Yr. NNN

Listing Price: $3,600,000

Cap Rate
7.30%
Tenant Name
Point Blank
Years Remaining On Lease
14.20
Guarantor
Corporate Guarantee
Rentable SF
15,168
Lease Type
Absolute Net
Rent Per Square Feet
$17.34

Investment Highlights

  • 14+ Years Remaining with 5% Increases Every 5 Years
  • Absolute NNN Lease with No Landlord Responsibilities
  • Corporate Guaranty, 28 Locations and Rapidly Expanding
  • Firearms Retailers Classified Nationally as an "Essential Business"
  • Explosive Sales Growth, 2020 Memphis Store Sales Have Already Increased Over 1.5x YTD
  • 67% Year-Over-Year Increase in Tennessee Gun Sales
  • 300% Year-Over-Year Increase in Background Checks for Firearms Nationwide
  • New 2017 High-Quality Brick/Block Construction

Investment Overview

Marcus & Millichap is pleased to present the Point Blank Range & Gun Shop in Memphis, TN.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower