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Cabela’s

Scarborough, Maine

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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 over 10 years remaining on the primary term of the lease. The current net operating income is $2,551,500 and is scheduled to increase 10% every 5 years with the next increase occuring in 2028.

About the Investment:

✓ Long-Term, 25-Year Absolute Triple Net Lease with Over 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 | Full Corporate Guarantee from Bass Pro Outdoor World
✓ 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

Key Details

Price:
$40,824,000
Cap Rate:
6.25%
Annual Rent:
$2,551,500
Address:
100 Cabela Boulevard, Scarborough, Maine 04074
Property Type:
Net Lease Retail
Lease Type:
Absolute Triple Net (NNN)

Original Lease Term:
25 Years
Lease Commencement:
May 12th, 2008
Lease Expiration:
May 31st, 2033
Lease Term Remaining:
10+ Years
Rental Increases:
10% Every 5 Years
Lot Size:
42.00 Acres
Building Size:
130,000 SF
Year Built:
2008
Tenant:
Cabela’s

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony D’Ambrosia

License: 10401294012

Josh Kanter

License: 10401294056

Ilan Bley

License: 10401372865

Broker of record

Brian Brockman

Bang Realty-New England, Inc

License: DB921170


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