Gander Outdoors – Greensburg, PA

$2,356,400
Price
$200,292
Noi
8.5%
Cap Rate
31,080
Leasable Area
2001
Year Built

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 31,080 SF Gander Outdoors store located in Greensburg, PA. The property is encumbered with a brand new Ten (10) Year NNN Lease, leaving limited landlord responsibilities. The lease contains Three (5) Yr. Options to renew, each with a 200% of CPI rental increase. The lease is corporately guaranteed by Camping World, Inc. The building was recently renovated and the rent commenced on 4/28/2018.

This Gander Outdoors is highly visible and is strategically positioned in Greensburg, PA. The five mile population from the site exceeds 65,600 while the one mile average household income exceeds $68,500 per year, making this location ideal for a Gander Outdoors. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Gander Outdoors. This investment will offer a new owner continued success due to the financial strength of the tenant, one of the nation’s top outdoor product retailer. List price reflects a 8.5% cap rate based on NOI of $200,292.

• Brand New NNN Lease Limited Responsibilities
• Recent Re-Branding | Commitment to Site
• 10 Year Term | Three (5 Year) Options
• One Mile Household Income $68,747
• Five Mile Population Exceeds 65,632
• Median Five Mile Home Value $165,318
• Near Major Retial and Business District

 

 

BOR: Jason Wolfe CORFAX International