Gander Outdoors – Chambersburg, PA
Fortis Net Lease is pleased to present this 31,080 SF Gander Outdoors store located in Chambersburg, PA. The property is encumbered with a brand new Ten (10) Year NNN Lease, leaving the landlord responsible for the roof and structure. 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 3/31/2018.
This Gander Outdoors is highly visible and is strategically positioned in Chambersburg, PA. The five mile population from the site exceeds 43,500 while the one mile average household income exceeds $106,000 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 7.80% cap rate based on NOI of $189,392.
• Brand New NNN Lease Limited Responsibilities
• Recent Re-Branding | Commitment to Site
• 200% CPI Rent Increases Every Five Years
• 10 Year Term | Three (5 Year) Options
• One Mile Household Income $106,482
• Five Mile Population Exceeds 43,978
• Median One Mile Home Value $214,080
• Visible From Major Interstate I-81
BOR: Jason Wolfe CORFAX International