The NNN Pro Group is pleased to present the exclusive listing for a Cabela’s at 100 Cabela Boulevard in Scarborough, Maine. The site consists of roughly 130,000 rentable square feet of building space on a 5.00-acre lot that comprises its unit as part of a commercial condominium for the entire Gateway Shoppes development. All roads, parking and access are common elements that are the responsibility of the condominium unit owners, who owe their proportionate share of the property manager’s fee. This Cabela’s is subject to 25-year triple net (NNN) lease with absolutely zero landlord responsibility that commenced May 12, 2008 and has nearly 10 years remaining on the primary term of the lease. The current net operating income is $2,507,000 and is scheduled to increase 10% every 5 years and in each of the two, 10-year options and the one 5-year option.
About the Investment:
✓ Long-Term, 25-Year Absolute Triple Net Lease with Nearly 10 Years of Term Remaining with 10% Rental Escalations Every Five Years
✓ Continuous Operation Clause | Rare Lease Clause Found in Cabela’s and Bass Pro Leases
✓ Only Cabela’s or Bass Pro Shops in the Entire State of Maine | Ranked in the Top 78th Percentile Nationwide on Placer | Visitors Travel as Far as 100 Miles to Shop at This Location
✓ Excellent Visibility and Access From Interstate 95 and Route One | Ideally Located Less Than 9-miles From Downtown Portland, ME
✓ Adjacent To Scarborough Fishing And Game Association, Scarborough Gun Club |Wildlife Management Area (WMA) | Located Less Then 3-miles Away | Massive Greenland’s Used For Hunting, Fishing, And Other Outdoor Activities